General Dynamics Corp. Given New $120.00 Price Target at Sterne Agee (GD)
Sterne Agee lifted their price objective on shares of General Dynamics Corp. (NYSE:GD) from $100.00 to $120.00 in a research note issued on Tuesday, StockRatingsNetwork reports. Sterne Agee’s price target suggests a potential upside of 25.05% from the company’s current price.
General Dynamics Corp. (NYSE:GD) last announced its 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 in the previous year, the company posted $1.70 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 7th. Investors of record on Friday, January 17th will be paid a dividend of 0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 2.33%. The ex-dividend date is Wednesday, January 15th.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital upgraded shares of General Dynamics Corp. from a “sell” rating to a “fair value” rating in a research note to investors on Wednesday, December 11th. They now have a $89.00 price target on the stock, up previously from $54.00. Separately, analysts at RBC Capital raised their price target on shares of General Dynamics Corp. from $102.00 to $109.00 in a research note to investors on Tuesday, December 10th. They now have an “outperform” 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 Monday, November 25th. They now have a $97.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $98.43.
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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