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Shares of General Dynamics (NYSE:GD) have received an average recommendation of “Buy” from the eighteen analysts that are currently covering the company, AR Network reports. Six equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $124.87.

Shares of General Dynamics (NYSE:GD) opened at 121.81 on Wednesday. General Dynamics has a one year low of $82.23 and a one year high of $122.17. The stock has a 50-day moving average of $117.7 and a 200-day moving average of $112.7. The company has a market cap of $41.012 billion and a P/E ratio of 18.67.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.81 earnings per share. The company’s quarterly revenue was down 4.6% on a year-over-year basis. On average, analysts predict that General Dynamics will post $7.55 earnings per share 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 2.04%. The ex-dividend date is Wednesday, October 8th.

Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of General Dynamics from $119.00 to $122.00 in a research note on Monday, August 11th. They now have an “equal weight” rating on the stock. Separately, 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. Finally, 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.

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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