Analysts Offer Insights on Consumer Cyclical Companies: Corporate Travel Management Limited (OtherCTMLF) and General Motors (GM)
Analysts fell to the sidelines weighing in on Corporate Travel Management Limited (CTMLF – Research Report) and General Motors (GM – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
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Corporate Travel Management Limited (CTMLF)
Ord Minnett analyst John O'Shea maintained a Hold rating on Corporate Travel Management Limited today and set a price target of A$12.88. The company's shares closed last Tuesday at $8.57.
According to TipRanks.com, O'Shea is ranked #9049 out of 9437 analysts.
Currently, the analyst consensus on Corporate Travel Management Limited is a Moderate Buy with an average price target of $10.68, implying a 24.6% upside from current levels. In a report released today, Morgan Stanley also downgraded the stock to Hold with a A$11.80 price target.
General Motors (GM)
Barclays analyst Dan Levy maintained a Hold rating on General Motors on May 2 and set a price target of $45.00. The company's shares closed last Friday at $45.30.
According to TipRanks.com, Levy has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.9% and a 32.2% success rate. Levy covers the NA sector, focusing on stocks such as Mobileye Global, Inc. Class A, Magna International, and Rivian Automotive.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Motors with a $52.15 average price target, a 14.1% upside from current levels. In a report issued on April 29, Jefferies also maintained a Hold rating on the stock with a $46.00 price target.
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