General Dynamics Corp. Price Target Raised to $93.00 at JPMorgan Chase & Co. (GD)
Stock analysts at JPMorgan Chase & Co. upped their price objective on shares of General Dynamics Corp. (NYSE:GD) from $92.00 to $93.00 in a report issued on Thursday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 5.37% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of General Dynamics Corp. from $100.00 to $96.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $93.14.
General Dynamics Corp. (NYSE:GD) traded up 1.31% during mid-day trading on Thursday, hitting $88.26. 1,908,958 shares of the company’s stock traded hands. General Dynamics Corp. has a 1-year low of $61.70 and a 1-year high of $87.85. The stock’s 50-day moving average is $85.3 and its 200-day moving average is $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 for the quarter, beating the analysts’ 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 in the prior year, the company posted $1.70 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that General Dynamics Corp. will post $7.01 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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