General Dynamics Corp. Price Target Cut to $95.00 (GD)
Equities researchers at Deutsche Bank cut their price target on shares of General Dynamics Corp. (NYSE:GD) from $97.00 to $95.00 in a research report issued on Wednesday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 11.80% from the stock’s previous close.
GD has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics Corp. in a research note to investors on Friday, September 6th. They now have a $89.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of General Dynamics Corp. from $84.00 to $100.00 in a research note to investors on Friday, August 16th. They now have a “buy” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of General Dynamics Corp. from $87.00 to $100.00 in a research note to investors on Monday, August 12th. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $92.14.
General Dynamics Corp. (NYSE:GD) traded up 0.30% on Wednesday, hitting $84.6603. 1,047,567 shares of the company’s stock traded hands. General Dynamics Corp. has a 52-week low of $61.70 and a 52-week high of $89.94. The stock’s 50-day moving average is $86.12 and its 200-day moving average is $79.61. The company’s market cap is $29.725 billion.
General Dynamics Corp. (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.62 by $0.19. The company had revenue of $7.92 billion for the quarter, compared to the consensus estimate of $7.73 billion. During the same quarter in the prior year, the company posted $1.77 earnings per share. The company’s quarterly revenue was down .1% on a year-over-year basis. On average, analysts predict that General Dynamics Corp. will post $6.96 earnings per share for the current fiscal year.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.
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