General Dynamics Given Average Recommendation of “Buy” by Analysts (NYSE:GD)
General Dynamics (NYSE:GD) has earned an average recommendation of “Buy” from the nineteen brokerages that are presently covering the company, Analyst Ratings Network reports. Five investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $116.88.
In other General Dynamics news, VP Gregory Gallopoulos unloaded 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 transaction of $3,796,562.88. Following the transaction, the vice president now directly owns 101,899 shares of the company’s stock, valued at approximately $11,359,701. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on GD shares. Analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics in a research note on Thursday. They now have a $120.00 price target on the stock. Separately, analysts at Wolfe Research initiated coverage on shares of General Dynamics in a research note on Tuesday. They set an “outperform” rating on the stock. Finally, 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.
Shares of General Dynamics (NYSE:GD) opened at 113.22 on Friday. General Dynamics has a 1-year low of $75.63 and a 1-year high of $115.96. The stock has a 50-day moving average of $109.6 and a 200-day moving average of $100.6. The company has a market cap of $38.747 billion and a price-to-earnings ratio of 16.76.
General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.71 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.62 earnings per share. General Dynamics’s revenue was down 1.1% compared to the same quarter last year. Analysts expect that General Dynamics will post $7.32 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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