General Motors Company (NYSE:GM) | EU member states back compromise to allow GM crops-diplomats

General Motors Company (NYSE:GM) [Reuters] – * Campaign groups say GM companies given too much power * Biotech companies say decisions should be science-based (Adds German, British, French reaction, detail on new GM maize strain Pioneer) BRUSSELS, May 28 (Reuters) – The European Union tackled deep divisions on genetically modified crops on Wednesday by striking a compromise pact that is likely to make it easier for them to win approval while allowing some countries to ban them. GM crops, although widely grown in the Americas and Asia, have divided opinion in Europe with strong opposition in many countries including France and Germany.
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General Motors Company (GM), with a current market cap of $55.22B, opened at $34.02.
 
Today’s price range has been between $33.96 and $34.51 per share and has traded between $31.13 and $41.85 over the past year.
 
GM shares are currently priced at 10.68x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 17.64x earnings multiple.
 
And for passive income investors, the company pays shareholders $1.20 per share annually in dividends, yielding 3.60%.
 
In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $0.95 per share, which would be $0.11 better than the year-ago quarter and a $0.18 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $3.15 would be a $0.03 worse when compared to the previous year’s annual results.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.63 Billion. If reported, that would be a 3.97% increase over the year-ago quarter.
 
More recently, Standpoint Research upgraded GM from Hold to Buy (Apr 7, 2014). Previously, Standpoint Research downgraded GM from Accumulate to Hold.
 
The average price target for GM shares by the analysts covering it is $43.73, which is 28.54% above where the stock opened.
 
Summary (NYSE:GM) :  General Motors Company (GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, as well as under the Alpheon, Jiefang, Baojun, and Wuling brand names. It also sells cars and trucks to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, the company offers connected safety, security and mobility solutions, and information technology services. The company, through its subsidiary, General Motors Financial Company, Inc. provides automotive financing services and lease products through GM dealerships in connection with the sale of used and new automobiles that target customers with sub-prime and prime credit bureau scores. The company was founded in 1908 and is based in Detroit, Michigan.
 
Tag Helper ~ Stock Code: GM | Common Company name: General Motors | Full Company name: General Motors Company (NYSE:GM) .

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