General Dynamics Corp. Stock Rating Upgraded by Oppenheimer (GD)
General Dynamics Corp. (NYSE:GD) was upgraded by analysts at Oppenheimer from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $119.00 price objective on the stock. Oppenheimer’s target price indicates a potential upside of 17.18% from the company’s current price.
General Dynamics Corp. (NYSE:GD) traded up 1.91% during mid-day trading on Thursday, hitting $101.55. The stock had a trading volume of 3,070,158 shares. General Dynamics Corp. has a 52-week low of $64.47 and a 52-week high of $100.60. The stock’s 50-day moving average is $93.52 and its 200-day moving average is $88.20. The company’s market cap is $35.475 billion.
General Dynamics Corp. (NYSE:GD) last announced its earnings results on Wednesday, January 22nd. The company reported $1.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.76. The company had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $8.01 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts predict that General Dynamics Corp. will post $7.03 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GD. 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. Separately, 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $101.53.
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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