General Dynamics Corp. Given Consensus Rating of “Buy” by Brokerages (NYSE:GD)
Shares of General Dynamics Corp. (NYSE:GD) have been given an average rating of “Buy” by the seventeen analysts that are covering the company, American Banking News reports. Three investment analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $102.80.
Shares of General Dynamics Corp. (NYSE:GD) opened at 102.51 on Tuesday. General Dynamics Corp. has a 1-year low of $65.37 and a 1-year high of $104.58. The stock has a 50-day moving average of $97.27 and a 200-day moving average of $89.90. The company has a market cap of $35.930 billion and a P/E ratio of 15.38.
General Dynamics Corp. (NYSE:GD) last issued its quarterly earnings data 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 $7.18 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of General Dynamics Corp. from $100.00 to $119.00 in a research note on Wednesday, February 5th. They now have an “overweight” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of General Dynamics Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th. Finally, analysts at Argus raised their price target on shares of General Dynamics Corp. from $100.00 to $115.00 in a research note on Thursday, January 23rd. They now have a “buy” rating on the stock.
In other General Dynamics Corp. news, VP Gregory Gallopoulos unloaded 34,178 shares of the stock on the open market in a transaction dated Thursday, January 30th. The shares were sold at an average price of $99.50, for a total value of $3,400,711.00. Following the sale, the vice president now directly owns 84,455 shares of the company’s stock, valued at approximately $8,403,273. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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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