Company Update: General Motors Company (NYSE:GM) – GM SUV compensation program will cost about $100 million: source

[Reuters] – General Motors Co (GM.N) said on Friday it will give debit cards or extended warranties to 146,000 North American owners of new sport utility vehicles to compensate them because the automaker overstated the vehicles’ fuel efficiency. The program covers about 135,000 U.S. owners and 11,000 in Canada, GM said. GM said most of the debit cards would be worth $450 to $900 for U.S. owners of 2016 SUVs and $1,000-$1,300 Cdn for Canadian owners. Read more on this. General Motors Company (GM) , valued at $47.05B, opened this morning at $30.51. Shares have traded today between $30.40 and $30.79 per share with a one year range of $24.62 to $36.88. General Motors (GM) shares are currently priced at 5.39x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 20.76x earnings multiple for the same period. The company pays shareholders $1.52 per share annually in dividends, yielding 4.96%. In a review of the consensus earnings estimate this quarter, 15 sell-side analysts are looking at $1.51 per share, which would be $0.22 better than the year-ago quarter and a $0.06 sequential decrease. Investors should also note that the full-year EPS estimate of $5.68 is a $0.66 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $38.91 Billion. If realized, that would be a 1.91% increase over the year-ago quarter. Recently, Morgan Stanley upgraded GM from Underweight to Equal-Weight (May 6, 2016). Previously, Argus downgraded GM from Buy to Hold. The average price target for GM shares by the analysts covering it is $38.69, which is 26.81% above where the stock opened. See more in (NYSE:GM) Similar Articles: Stock Update: General Motors Company (NYSE:GM) – General Motors reports higher February sales in Canada Market Update: General Motors Company (NYSE:GM) – GM says recalling Saab, Saturn brand vehicles with Takata parts Company Update (NYSE:GM): Technical Analysis on Auto Manufacturers – Major Equities — Ford Motor, General Motors, Fiat Chrysler Automobiles, and Tesla Motors