GM's March sales were up just over 1.5%. About 16.81M shares traded or 4.15% up from the average. Evercore ISI's price target suggests a potential upside of 13.12% from the stock's previous close.
Analysts said questions about the likelihood that President Donald Trump will win tax cuts and other key policies also depressed stock buying. In fact, note Wells Fargo's David Lim and team, the slower sales despite "aggressive...pickup truck incentives" from Ford Motor and General Motors are a sign that "industry sales [are] becoming more resistant to incentive drug".
Among 21 analysts covering F&M Bank (NYSE:F), 10 have Buy rating, 2 Sell and 9 Hold. General Motors Company's quarterly revenue was up 9.2% compared to the same quarter a year ago.
Ford Motor Co. (NYSE:F) topped its 52-week high price of $14.22 on April 28, 2016 and 52-Week Low Price of $11.07 on Nov 9, 2016. It's making solid money selling reams of SUVs and trucks to consumers who are loading up on expensive features.
U.S. based company, Ford Motor Company (F)'s latest closing price distance was -4.51% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -5.96% and -4.45% compared with the 20 Day Moving Average. The firm has a market cap of $45.47 billion, a PE ratio of 9.95 and a beta of 1.02.
Pfizer Canada issues EpiPen recall
EpiPens work by shooting a needle full of adrenaline into your body, which can save your life in the case of an allergic reaction. Today, though, the company is in the news again with a voluntary recall over the auto-injector devices.
General Motors Company (GM) now has a consensus Price Target of $39.52. The firm has a 50 day moving average of $12.30 and a 200 day moving average of $12.25. Image source: Ford Motor Company. The auto manufacturer reported $1.28 EPS for the quarter, beating analysts' consensus estimates of $1.17 by $0.11. General Motors Company had a return on equity of 22.14% and a net margin of 5.69%. Ford's decline was mostly because of a 17% reduction in fleet sales and a tough comparison to last year when it had the highest amount of fleet sales for the year. Investors of record on Friday, March 10th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Wednesday, March 8th. It has a dividend yield of 5.15%. The stock touched its high share price of $38.55 on Mar 6, 2017 and the stock also touched its Lowest price in the last 52-weeks of trading on Jun 27, 2016 as $27.34. The shares were sold at an average price of $12.68, for a total transaction of $1,173,255.04. The company says it will sell for $35,000. The SEC filing shows that Neumann Karl-Thomas performed a sale of 7,244 shares.
Honda's once-stalwart lineup of cars also suffered in March as consumers continue to flock into bigger vehicles. The stock now has a consensus rating of Buy and an average price target of $13.80. Following the transaction, the insider now directly owns 450,635 shares of the company's stock, valued at approximately $5,714,051.80. The disclosure for this purchase can be found here.
12/21/2016 - BMO Capital Markets began new coverage on Ford Motor Company giving the company a " rating. Renaissance Technologies LLC increased its stake in shares of Ford Motor Company by 1,792.7% in the fourth quarter. Invesco Limited has invested 0.04% in Ford Motor Company (NYSE:F). Global X Management Co.
Chrysler sales dropped by 33 percent, while Fiat sales were down 5 percent. Now it may finally be time to add a new member to that club, one with no connections to the Motor City. Look at its top three institutional owners.