General Dynamics Co. (NYSE:GD) received a $239.00 price objective from equities researchers at Royal Bank Of Canada in a report released on Wednesday. The brokerage currently has a “buy” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 19.97% from the stock’s current price.

A number of other research firms have also recently weighed in on GD. Zacks Investment Research cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Citigroup Inc. reiterated a “neutral” rating and set a $215.00 price objective (up previously from $210.00) on shares of General Dynamics in a research report on Monday, October 9th. ValuEngine cut shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cowen and Company reiterated a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research report on Thursday, October 19th. Finally, Stifel Nicolaus boosted their price objective on shares of General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $218.45.

Shares of General Dynamics (GD) traded up $0.23 on Wednesday, reaching $199.22. 1,103,818 shares of the company traded hands, compared to its average volume of 1,151,088. General Dynamics has a 12 month low of $164.97 and a 12 month high of $214.81. The company has a market capitalization of $59,480.00, a PE ratio of 19.88, a PEG ratio of 2.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.93.

General Dynamics (NYSE:GD) last announced its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The company had revenue of $7.58 billion for the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter in the previous year, the business posted $2.36 earnings per share. General Dynamics’s quarterly revenue was down 1.0% on a year-over-year basis. analysts anticipate that General Dynamics will post 9.81 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Royal Bank Of Canada Analysts Give General Dynamics Co. (GD) a $239.00 Price Target” was posted by American Banking News and is owned by of American Banking News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/11/16/royal-bank-of-canada-analysts-give-general-dynamics-co-gd-a-239-00-price-target.html.

In other General Dynamics news, VP Gregory S. Gallopoulos sold 78,370 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Patrick Casey sold 34,945 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $201.38, for a total transaction of $7,037,224.10. Following the sale, the insider now directly owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The disclosure for this sale can be found here. Corporate insiders own 6.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Boston Advisors LLC lifted its position in shares of General Dynamics by 13.4% during the second quarter. Boston Advisors LLC now owns 6,760 shares of the aerospace company’s stock valued at $1,339,000 after buying an additional 800 shares during the last quarter. Morgan Stanley lifted its position in shares of General Dynamics by 12.2% during the first quarter. Morgan Stanley now owns 1,139,288 shares of the aerospace company’s stock valued at $213,274,000 after buying an additional 124,077 shares during the last quarter. Global X Management Co. LLC lifted its position in shares of General Dynamics by 17.4% during the second quarter. Global X Management Co. LLC now owns 891 shares of the aerospace company’s stock valued at $177,000 after buying an additional 132 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of General Dynamics during the second quarter valued at about $4,077,000. Finally, Morningstar Investment Services LLC lifted its position in shares of General Dynamics by 24.1% during the second quarter. Morningstar Investment Services LLC now owns 180,680 shares of the aerospace company’s stock valued at $35,793,000 after buying an additional 35,034 shares during the last quarter. 85.79% of the stock is owned by institutional investors and hedge funds.

General Dynamics Company Profile

General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.

Analyst Recommendations for General Dynamics (NYSE:GD)

Receive News & Ratings for General Dynamics Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Co. and related companies with MarketBeat.com's FREE daily email newsletter.