GM, Ford, Toyota Post Sharply Higher Sales in September

Homes are surrounded by floodwater after torrential rains from Harvey in Orange Texas

If the published price targets set by Ford Motor Company analysts have any power to influence the stock's share price, the highest price target set for F is $17. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. The stock is a Buy among 11 brokerage firms polled by Factset Research. The firm earned "Neutral" rating on Friday, July 29 by Goldman Sachs.

General Motors Company (NYSE:GM) displayed a change of 4.38% after which it closed the day' session at $42.15. The company now has a consensus rating of Buy and an average price target of $39.76. Dimensional Fund Advisors Ltd Partnership invested 0.2% in Ford Motor Company (NYSE:F). The company maintains price to book ratio of 1.39.

The Dow Jones Industrial Average .DJI rose 84.07 points, or 0.37 percent, to close at 22,641.67, the S&P 500 .SPX gained 5.46 points, or 0.22 percent, to 2,534.58 and the Nasdaq Composite .IXIC added 15.00 points, or 0.23 percent, to 6,531.71. The stock touched 52-week High of $40.69 on 10/02/17 and 52-week Low of $30.21 on 11/09/16. The quarterly performance for the stock is 0.49%, while the half-yearly performance is -25.21%. In the last earnings report the EPS was $0.95 and is projected to be $1.76 for the current year with 3,971,755,000 shares now outstanding. It has a return on equity (ROE) of 19.70%. Revenue during the quarter was $37.11 billion, representing 0% growth from $36.93 billion in year-ago quarter. During the same period in the previous year, the company earned $1.26 EPS. General Motors Company had 62 analyst reports since July 24, 2015 according to SRatingsIntel. If you are accessing this article on another domain, it was stolen and reposted in violation of global copyright & trademark law. The correct version of this report can be accessed at https://weekherald.com/2017/10/03/general-motors-gm-buy-rating-reaffirmed-at-deutsche-bank-ag.html. The company recently declared a dividend that was paid on Fri Sep 1, 2017. The California-based Eam Investors Llc has invested 0.69% in the stock.

GM said 2017 was its best September for Chevrolet since 2004.

Since the beginning of the calendar year, the stock is 15.90%. "Despite pullbacks in vehicle production this year, incentives are still rising and averaging almost 11% of transaction prices".

Fleets, Hurricane Drive Ford's US Sales Gain in September

In Ford's case, the company sold more vehicles than its internal projections and expects to recover some production as a result, according to Mark LaNeve, vice president of US marketing, sales and service. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

The industry could notch a one-percent boost in September for 1.44 million vehicles sold, according to a forecast by auto research firm Kelly Blue Book. The shares were sold at an average price of $35.79, for a total transaction of $617,556.45.

Many hedge fund investors and institutional investors have purchased or disposed their positions in the company. The disclosure for this sale can be found here.

The forward P/E of General Motors Company is at 6.78 signifying the uses of estimated net earnings over the next 12 months. It dropped, as 75 investors sold GM shares while 286 reduced holdings. Finally, Skandinaviska Enskilda Banken AB publ raised its stake in General Motors Company by 697.2% in the third quarter. The stock closing price is now trading upward to its 50 day moving average with change of 14.72%, escalated to its 20 day moving average with figure of 8.90% and above its 200 day moving average with value 18.11%. Archford Capital Strategies LLC lifted its stake in Ford Motor by 7.8% in the 1st quarter. The Country Club Trust Company holds 179,985 shares with $13.05 million value, up from 126,828 last quarter. Systematic Financial Management LP's holdings in General Motors were worth $1,617,000 at the end of the most recent quarter. The dividend payment was $0.380 per share for the quarter which is $1.52 annualized.

The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility solutions. Finemark National Bank & Trust & Tru invested 0.18% in General Motors Company (NYSE:GM).

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