General Dynamics Corp.’s Buy Rating Reaffirmed at UBS AG (GD)
General Dynamics Corp. (NYSE:GD)‘s stock had its “buy” rating restated by analysts at UBS AG in a research report issued to clients and investors on Wednesday, Stock Ratings Network.com reports. They currently have a $100.00 target price on the stock. UBS AG’s target price would suggest a potential upside of 17.69% from the company’s current price.
A number of other firms have also recently commented on GD. Analysts at Deutsche Bank cut their price target on shares of General Dynamics Corp. from $97.00 to $95.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, 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. 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $92.14.
General Dynamics Corp. (NYSE:GD) traded up 0.36% during mid-day trading on Wednesday, hitting $84.71. The stock had a trading volume of 1,114,469 shares. General Dynamics Corp. has a one year low of $61.70 and a one year 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 $29.742 billion.
General Dynamics Corp. (NYSE:GD) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.81 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.77 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that General Dynamics Corp. will post $6.96 EPS 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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