General Dynamics Now Covered by Analysts at Wolfe Research (GD)
Stock analysts at Wolfe Research assumed coverage on shares of General Dynamics (NYSE:GD) in a report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
A number of other analysts have also recently weighed in on GD. Analysts at Goldman Sachs upgraded shares of General Dynamics from a “sell” rating to a “neutral” rating in a research note on Friday, May 2nd. They now have a $112.00 price target on the stock, up previously from $102.00. They noted that the move was a valuation call. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of General Dynamics in a research note on Thursday, April 24th. They now have a $121.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics in a research note on Thursday, April 24th. They now have a $117.00 price target on the stock. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $116.78.
In other General Dynamics news, VP Gregory Gallopoulos sold 34,056 shares of the stock on the open market in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $111.48, for a total value of $3,796,562.88. Following the completion of the transaction, the vice president now directly owns 101,899 shares in the company, valued at approximately $11,359,701. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
General Dynamics (NYSE:GD) opened at 114.85 on Tuesday. General Dynamics has a one year low of $74.76 and a one year high of $114.94. The stock’s 50-day moving average is $108.9 and its 200-day moving average is $100.1. The company has a market cap of $39.305 billion and a price-to-earnings ratio of 16.70.
General Dynamics (NYSE:GD) last released its earnings data on Wednesday, April 23rd. The company reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.20 billion. During the same quarter in the previous year, the company posted $1.62 earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that General Dynamics will post $7.31 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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