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-1.79912742319556E-05 -0.000584716412539834 0.0014393019385598 0.00458777492915937 0.00301353843385959 0.00301353843385959 0.0126838483335582 0.00976026627085874
Stock impact report

GM poised to drop further - CFRA [Seeking Alpha]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Seeking Alpha
Consumer|On the MoveGM poised to drop further - CFRAApr. 27, 2020 1:19 PM ETGeneral Motors Company (GM)Clark SchultzCFRA keeps a bearish view on General Motors (+1.0%dividend suspensionAnalyst Garrett Nelson: "We maintain our 12-month target price of $15, based on a '21 P/E of 4.7x, a discount to GM's five-year mean forward P/E of 6.2x. Our adjusted EPS estimates remain unchanged at $2.25 for '20 and by $3.20 for '21... The decision to halt cash returns to shareholders was part of a deal struck with lenders, as it extended $3.6B under its 3-year revolving credit facility to April 2022."The price target implies more than 30% downside potential for shares.Nelson expects monthly auto sales to bottom in April, but does not anticipate a sharp rebound and continues to warn on Sell-rated GM after the +50% bounce from its March low.See all stocks on the move »Now read:How Strong Is China's Leverage Over Tesla? » Show less Read more
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