General Dynamics Corp. Reaches New 1-Year High at $106.41 (GD)
Shares of General Dynamics Corp. (NYSE:GD) hit a new 52-week high during mid-day trading on Friday , American Banking & Market News reports. The stock traded as high as $106.41 and last traded at $106.38, with a volume of 1,901,624 shares. The stock had previously closed at $103.73.
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. Three research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. General Dynamics Corp. presently has an average rating of “Buy” and an average target price of $102.80.
The stock’s 50-day moving average is $98.05 and its 200-day moving average is $90.22. The company has a market cap of $37.377 billion and a price-to-earnings ratio of 15.56.
General Dynamics Corp. (NYSE:GD) last announced its earnings results on Wednesday, January 22nd. The company reported $1.76 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $1.39 earnings per share. General Dynamics Corp.’s revenue was up .4% compared to the same quarter last year. Analysts expect that General Dynamics Corp. will post $7.18 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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