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General Motors Company (NYSE:GM) would invest $20 million to upgrade equipment at automaker’s Arlington Assembly plant

By on June 26, 2019 0

General Motors Company (NYSE:GM) said it would invest an additional $20 million to upgrade equipment at the automaker’s Arlington Assembly plant in Texas, ahead of the launch of full-size sports utility vehicles (SUVs). The investment will not add to the plant’s production capacity, a GM spokesman said. The No.1 U.S. automaker has not revealed when the company is going to launch its next generation full-size SUVs such as the Chevrolet Tahoe, Chevrolet Suburban, GMC Yukon, GMC Yukon XL and the Cadillac Escalade.

General Motors Company (NYSE:GM) shares ticked up 1.95% to finally closed at $37.68 in last active session. 

GM’s distance from 20 day simple moving average is 5.58% and distance from 50-Day simple moving average is 1.23%.

Analyst’s mean target price for GM is $47.11 while analysts mean recommendation is 2.20. Stock value has moved between $30.63 – 41.41 in last one year. Stock has got OUTPERFORM rating from 7 of Thomson Reuters analysts, 5 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for GM is $47.11 while analysts mean recommendation is 2.20. 

General Motors Company (NYSE:GM) yearly performance is -8.65% and net profit margin is 6.20%. Annual EPS Growth of past 5 years is 19.20%. The current share price indicates that stock is -9.20% away from its one year high and is moving 23.30% ahead of its 52-week low. 



On 25 June 2018, Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares ticked up 1.69% and ultimately finalized to $11.44 in last traded day. Stock has got OUTPERFORM rating from 0 of Thomson Reuters analysts, 16 given HOLD rating to the stock and 2 given UNDERPERFORM rating. Analyst’s mean target price for BBBY is $17.86 while analysts mean recommendation is 3.00. 



At the movement Oshkosh Corporation (NYSE:OSK) is under coverage by number of analysts. Buy rating has been given by 4 analysts to the company stock whereas 1 given UNDERPERFORM rating to stock and 9 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is 1.66 and their mean rating for the stock is 2.41 on scale of 1-5. Analysts mean target price for Oshkosh Corporation (NYSE:OSK) is $85.38 while their mean recommendation is 2.40 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved fell -0.83% to end the day at $82.10. The current share price indicate that stock is -3.25% away from its one year high and is moving 59.67% ahead of its 52-week low. 

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