Market Update (NYSE:GM): General Motors to resume operations in Egypt

[Reuters] – General Motors will resume operations in Egypt this Sunday, the company said on Thursday, after halting activities earlier in the week due to the country’s ongoing currency crisis. “We will resume … Read more on this. General Motors Company (GM) , currently valued at $41.67B, opened at $27.49. Looking at today’s market, GM one day range is $26.92 to $28.09 and has traded between $24.62 and $38.99 over the past 12 months. General Motors (GM) shares are currently priced at 5.20x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 0.55x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $1.52 per share annually in dividends, yielding 5.33%. Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $1.03 per share, which would be $0.17 better than the year-ago quarter and a $0.07 sequential decrease. Investors should also note that the full-year EPS estimate of $5.52 is a $0.50 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $35.75 Billion. If reported, that would be a 0.11% increase over the year-ago quarter. In terms of ratings, Credit Suisse upgraded GM from Neutral to Outperform (Jan 11, 2016). Previously, Credit Suisse upgraded GM from Underperform to Neutral. The average price target for GM shares is $39.13, which is 42.34% above where the stock opened this morning. See more in (NYSE:GM) Similar Articles: Company Update (NYSE:GM): Technical Analysis on Auto Manufacturers – Major Equities — Ford Motor, General Motors, Fiat Chrysler Automobiles, and Tesla Motors Market Update (NYSE:GM): Why General Motors invested in Lyft Market Update: General Motors Company (NYSE:GM) – GM says exposure to yuan devaluation ‘limited and manageable’