Zacks reissued their neutral rating on shares of General Motors Company (NYSE:GM) in a research note released on Friday morning, Analyst Ratings Network reports. They currently have a $36.00 target price on the stock. General Motors Company (NYSE:GM) shares after opening at $34.53 on last trade day and at the end of the day closed at $34.42. Company price to sales ratio in past twelve months was calculated as 0.35 and price to cash ratio as 1.89. General Motors Company (NYSE:GM) showed a negative weekly performance of -2.05%.
The general manager of Tesla Motors Inc (NASDAQ:TSLA) in China resigned from his position amid company’s preparation for its expansion in the country, which is considered as the largest auto market worldwide. Tesla Motors Inc (NASDAQ:TSLA) shares fell -1.85% in last trading session and ended the day on $208.45. TSLA return on equity ratio is recorded as -14.60% and its return on assets is -3.90%. Tesla Motors Inc (NASDAQ:TSLA) yearly performance is 490.68%.
Could The Procter & Gamble Company (NYSE:PG) taking steps to clean up its palm oil sourcing practices set an example for others to follow? Greenpeace thinks so. The NGO is using the lever of P&G’s big name in an attempt to spur industry-wide change in the sourcing of palm oil. The campaign group recently concluded a year-long investigation into P&G’s supply chain, looking at the source of the palm oil the multinational uses as an ingredient in its household brands such as Head & Shoulders shampoo and Gillette shaving gel. Greenpeace also launched a petition, since signed by more than 300,000 consumers globally, calling on P&G to improve its practices. The Procter & Gamble Company (NYSE:PG) shares moved up 1.05% in last trading session and was closed at $80.60, while trading in range of $79.55 – $80.83. The Procter & Gamble Company (NYSE:PG) year to date (YTD) performance is -0.25%.
U.S. companies outside of the finance industry are holding more cash on their balance sheets than ever, with $1.64 trillion at the end of 2013. That’s up 12 percent from the prior record in 2012, Moody’s Investors Service said in a report. Technology led the charge, with Apple Inc. (NASDAQ:AAPL), Microsoft Corp., Google Inc., and Verizon Communications Inc. topping the list of cash-rich companies. Apple Inc. (NASDAQ:AAPL) weekly performance is -0.45%. On last trading day company shares ended up $536.74. Apple Inc. (NASDAQ:AAPL) distance from 50-day simple moving average (SMA50) is 1.06%. Analysts mean target price for the company is $592.38.
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