General Dynamics Corp. Price Target Lowered to $96.00 at Credit Suisse (GD)
Analysts at Credit Suisse cut their price target on shares of General Dynamics Corp. (NYSE:GD) from $100.00 to $96.00 in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price objective indicates a potential upside of 8.77% from the stock’s previous close.
GD has been the subject of a number of other recent research reports. Analysts at Cowen and Company raised their price target on shares of General Dynamics Corp. from $98.00 to $103.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, analysts at Sanford C. Bernstein raised their price target on shares of General Dynamics Corp. from $85.00 to $88.00 in a research note to investors on Thursday. They now have a “market perform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics Corp. in a research note to investors on Thursday. They now have a $91.00 price target on the stock. One 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. General Dynamics Corp. currently has an average rating of “Buy” and a consensus price target of $93.14.
General Dynamics Corp. (NYSE:GD) traded up 1.31% on Thursday, hitting $88.26. 1,908,958 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 $87.85. The stock has a 50-day moving average of $85.3 and a 200-day moving average of $77.2. The company’s market cap is $30.989 billion.
General Dynamics Corp. (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.02. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter last year, the company posted $1.70 earnings per share. General Dynamics Corp.’s revenue was down 1.7% compared to the same quarter last year. On average, analysts predict that General Dynamics Corp. will post $7.01 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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