General Dynamics Hits New 1-Year High at $109.57 (GD)
General Dynamics (NYSE:GD) shares hit a new 52-week high during trading on Monday , AnalystRatingsNetwork.com reports. The stock traded as high as $109.57 and last traded at $109.12, with a volume of 1,731,236 shares traded. The stock had previously closed at $107.45.
A number of research firms have recently commented on GD. Analysts at Jefferies Group raised their price target on shares of General Dynamics from $115.00 to $125.00 in a research note on Thursday. Separately, analysts at UBS AG raised their EPS on shares of General Dynamics in a research note on Wednesday, February 19th. They now have a “buy” rating and a $118.00 price target on the stock. They previously had a $108.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of General Dynamics from $115.00 to $121.00 in a research note on Tuesday, February 18th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $107.67.
The stock has a 50-day moving average of $100.1 and a 200-day moving average of $91.20. The company has a market cap of $38.224 billion and a P/E ratio of 16.12.
General Dynamics (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’s revenue was up .4% compared to the same quarter last year. Analysts expect that General Dynamics will post $7.20 EPS for the current fiscal year.
In other General Dynamics news, VP Kimberly Kuryea sold 7,676 shares of General Dynamics stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $107.54, for a total value of $825,477.04. Following the transaction, the vice president now directly owns 23,376 shares in the company, valued at approximately $2,513,855. The transaction was disclosed in a filing 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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