General Dynamics Corp. (GD) Posts Quarterly Earnings, Meets Expectations
General Dynamics Corp. (NYSE:GD) announced its earnings results on Wednesday. The company reported $1.76 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.76, StockRatingsNetwork reports. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $8.01 billion.
Several analysts have recently commented on the stock. Analysts at Sterne Agee raised their price target on shares of General Dynamics Corp. from $100.00 to $120.00 in a research note to investors on Tuesday, January 14th. On a related note, 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. Finally, 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. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. General Dynamics Corp. presently has a consensus rating of “Buy” and a consensus target price of $98.43.
General Dynamics Corp. (NYSE:GD) opened at 95.30 on Wednesday. General Dynamics Corp. has a one year low of $64.47 and a one year high of $96.87. The stock’s 50-day moving average is $93.24 and its 200-day moving average is $88.12. The company’s market cap is $33.292 billion.
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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