General Dynamics Given “Outperform” Rating at Credit Suisse (GD)
General Dynamics (NYSE:GD)‘s stock had its “outperform” rating reaffirmed by equities researchers at Credit Suisse in a research report issued on Thursday. They currently have a $136.00 target price on the stock, up from their previous target price of $121.00. Credit Suisse’s target price suggests a potential upside of 12.65% from the stock’s previous close.
A number of other firms have also recently commented on GD. Analysts at Deutsche Bank reiterated a “buy” rating on shares of General Dynamics in a research note on Thursday. They now have a $130.00 price target on the stock, up previously from $126.00. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of General Dynamics in a research note on Thursday. They now have a $135.00 price target on the stock, up previously from $125.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of General Dynamics in a research note on Thursday. They now have a $130.00 price target on the stock, up previously from $117.00. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $124.67.
Shares of General Dynamics (NYSE:GD) traded up 0.67% during mid-day trading on Thursday, hitting $121.54. The stock had a trading volume of 997,523 shares. General Dynamics has a 52 week low of $82.23 and a 52 week high of $121.68. The stock’s 50-day moving average is $118.0 and its 200-day moving average is $109.8. The company has a market cap of $41.595 billion and a P/E ratio of 17.87.
General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.11. The company had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the previous year, the company posted $1.81 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts expect that General Dynamics will post $7.37 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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