Market Update (NYSE:GM): General Motors escapes some claims from 2014 recalls

[Reuters] – A U.S. judge on Friday dismissed some claims brought against General Motors by customers seeking to recoup vehicle values that they say were lost due to more than 70 recalls in 2014, including one for a faulty ignition-switch. U.S. District Judge Jesse Furman in Manhattan dismissed racketeering and some state-law claims, and said plaintiffs’ pursuit of damages based on an alleged reduction of resale value due to a diminishment of GM’s reputation was “unsound.” Plaintiffs’ lawyers said they were seeking as much as $10 billion in damages in the proposed class actions, which were consolidated before Furman in federal court. Read more on this. , with a current value of $irecting to http://finance.ya, ended trading yesterday at $. During the trading session, GM traded between $ with the price of the stock fluctuating between $ over the last 52 weeks. General Motors (GM) shares are currently priced at x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s x earnings multiple for the same period. According to a consensus of 0 analysts, the earnings estimate of $ per share would be $0.00 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $ is a $0.00 setback 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 $0.00 . If realized, that would be a 0.00% decrease over the year-ago quarter. More recently, d GM from to (/f). Previously, d GM from to . The average price target for GM shares by the analysts covering the stock is $, which is 0.00% below where the stock opened this morning. See more in (NYSE:GM) Similar Articles: Stock Update: General Motors Company (NYSE:GM) – General Motors reports higher February sales in Canada Market Update (NYSE:GM): General Motors to resume operations in Egypt Company Update (NYSE:GM): Technical Analysis on Auto Manufacturers – Major Equities — Ford Motor, General Motors, Fiat Chrysler Automobiles, and Tesla Motors