Stock Update: General Motors Company (NYSE:GM)

[Bloomberg] General Motors Company (NYSE:GM) plans to warn some owners of Pontiac Vibe and Saab 9-2X hatchbacks not to allow front-seat passengers until defective air bags are replaced.The overnight letters will go out “as soon as possible” and the owner group may grow, Alan Adler, a spokesman for Detroit-based GM, said yesterday by e-mail. The largest U.S. automaker and Toyota Motor Corp. jointly built the Vibe at a factory in California. The Saab models were built by Subaru.Stock PerformanceTaking a look at the company’s recent performance, General Motors Company reported Second quarter earnings for fiscal 2014 on July 24^TH. The company reported actual earnings per share of $0.58 against the consensus Street estimate of $0.95. This represents year over year decline of 44.83%. General Motors Company posted revenue of $39.60 billion against estimates of $40.63 billion.General Motors Company (GM) is currently valued at $50.18 billion and closed the last trading session at $30.84. The stock has a 50-day moving average of $33.83 and a 200-day moving average of $34.82.

Is this a Buying Opportunity?There are currently twenty one analysts that we track that cover the stock. Of those twenty one, eleven have a Buy rating, one has strong Buy rating five have a hold rating and four have a Sell rating. On a consensus basis this yields a score of 2.43 and a Hold. The combined price objective of these covering analysts is $39.77, which represents a 17.79% upside difference to the last closing price.The most recent analyst activity consisted of Citigroup Inc reiterated rating their Neutral stance on the company. Citigroup has a price target of $46.00 to $45.00 which represents an upside of 36.26% from the last closing price. On the date of the report, the stock closed at $33.76.Another research firm weighing in recently was JPMorgan Chase & Co who also reiterated their rating on the stock. On September 22^nd JPMorgan Chase & Co boosted their price target on the stock from $50.00 to $51.00, a 52.51% upside to the current price. On the day of the report, GM shares closed at $33.44.Company ProfileGeneral Motors Company (NYSE:GM) designs, manufactures, and markets cars, crossovers, trucks, and automobile parts worldwide. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Opel, Holden, and Vauxhall brand names, as well as under the Alpheon, Jiefang, Baojun, and Wuling brand names. It also sells cars and trucks to dealers for consumer retail sales, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. In addition, the company offers connected safety, security and mobility solutions, and information technology services.