General Dynamics Price Target Raised to $122.00 at Barclays (GD)
Research analysts at Barclays raised their target price on shares of General Dynamics (NYSE:GD) from $119.00 to $122.00 in a report released on Monday. The firm currently has an “equal weight” rating on the stock. Barclays’ target price would indicate a potential upside of 4.13% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of General Dynamics in a research note on Thursday, July 24th. They now have a $136.00 price target on the stock, up previously from $121.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of General Dynamics in a research note on Thursday, July 24th. They now have a $130.00 price target on the stock, up previously from $126.00. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of General Dynamics in a research note on Thursday, July 24th. They now have a $135.00 price target on the stock, up previously from $125.00. 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 an average rating of “Buy” and an average price target of $124.87.
Shares of General Dynamics (NYSE:GD) traded up 0.92% on Monday, hitting $118.24. The stock had a trading volume of 405,108 shares. General Dynamics has a 52-week low of $82.23 and a 52-week high of $122.17. The stock’s 50-day moving average is $117.4 and its 200-day moving average is $111.6. The company has a market cap of $39.810 billion and a price-to-earnings ratio of 17.96.
General Dynamics (NYSE:GD) last released its earnings data 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 $7.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 14th. Investors of record on Friday, October 10th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Wednesday, October 8th.
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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