NSANF - General Motors: What Happened When The Quants Drove In
2024-04-02 10:27:21 ET
Summary
- General Motors shares have seen a 26.9% increase in the last few months, handily outperforming the S&P 500.
- Analysts' ratings for General Motors have been mostly "hold" with only a few "buy" or "strong buy" ratings.
- Seeking Alpha's Quant Rating system gives General Motors a high rating, indicating strong valuation, growth, profitability, momentum, and EPS revisions.
- So far, it looks like the Quant Rating system has it, and shares probably do deserve an upside from here.
Over the last few months, shares of automotive giant General Motors ( GM ) have been on a real tear. Since I last wrote about the company in the middle of December of 2023, for instance, shares have seen an upside of 26.9%. That dwarfs the 10% increase seen by the S&P 500 over the same window of time. This comes about even as revenue and cash flows have shown signs of weakness. It also makes abundantly clear the fact that analysts don't always get things right. Of the last 10 articles published on Seeking Alpha about the firm, the most recent having been published on March 18th, and the oldest being published on January 7th, a time in which shares have seen an upside of 27.1% compared to the 11.5% generated by the S&P 500, six have resulted in a 'hold' rating for the stock, two have resulted in a 'buy', and only two have resulted in a 'strong buy'....
General Motors: What Happened When The Quants Drove In