Stock Update: General Motors Company (NYSE:GM) – GM Korea reaches tentative wage deal, averting strike

General Motors Company (NYSE:GM) [Reuters] – General Motors’ South Korean unit reached a tentative wage deal with its labour union on Monday, averting a potential strike at one of its key Asian production bases. The agreement came after GM Korea …
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General Motors Company (GM), valued at $56.04B, started trading this morning at $35.01.
Today, shares have traded between $34.90 and $35.09 per share with a one year range of $31.70 to $41.85.
Priced at 12.57x this year’s forecasted earnings, GM shares are relatively inexpensive compared to the industry’s 19.91x forward p/e ratio.
The company pays shareholders $1.20 per share annually in dividends, yielding 3.30%.
In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $1.02 per share, which would be $0.06 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $2.79, which would be a $0.39 better than last year.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $40.16 Billion. If reported, that would be a 3.03% 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.
Investors should keep in mind is that the average price target is $43.73, which is 24.91% above where the stock opened this morning.
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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