20 electric vehicle stocks besides Tesla and Nio that analysts expect to rise the most over the next year
Last Updated: Dec. 4, 2020 at 6:45 a.m. ET
First Published: Dec. 2, 2020 at 11:28 a.m. ET
By Philip van Doorn
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General Motors Co. GM, +0.69% plans to have 30 fully electric models available by 2025, with 40% of its vehicles available in the U.S. being EVs by the end of that year.
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Getting back to GM, the shares were up 22% year-to-date through Dec. 2, but were trading for only 6.7 times the consensus earnings estimate for the next 12 months. That is a very low P/E ratio for a company with strong cash flow making such a deep commitment to a rapidly growing high-tech industry. (In comparison, the forward P/E ratio for the S&P 500 SPX, 0.64% is 22.3, according to FactSet.) Among the 17 analysts polled by FactSet who cover GM, 14 rate the shares a buy or the equivalent, and the consensus price target implies 10% upside over the next 12 months.
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Quelle:
https://www.marketwatch.com/story/20...click#cxrecs_s