Recent Analysts’ Ratings Changes for General Dynamics (GD)

Several brokerages have updated their recommendations and price targets on shares of General Dynamics (NYSE: GD) in the last few weeks:

  • 2/2/2018 – General Dynamics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $252.00 price target on the stock. According to Zacks, “General Dynamics ended 2017 on a mixed note. While its fourth-quarter earnings comfortably surpassed the Zacks Consensus Estimate, the sales figure failed to meet the top line estimate. The company remains one of the only two contractors in the world equipped to build nuclear-powered submarines and its diverse portfolio of products and services along with its wide customer base provides it with an opportunity to generate solid revenues from different sources. General Dynamics is committed to R&D activities that facilitate the introduction of new products and first-to-market enhancements. However, General Dynamics operates in a highly competitive market and has to rely on other companies to provide materials, components and subsystems for its products. “
  • 1/30/2018 – General Dynamics was upgraded by analysts at Argus to a “buy” rating. They now have a $250.00 price target on the stock, up previously from $230.00.
  • 1/30/2018 – General Dynamics had its “buy” rating reaffirmed by analysts at Buckingham Research. They now have a $260.00 price target on the stock, up previously from $230.00.
  • 1/25/2018 – General Dynamics had its price target raised by analysts at Royal Bank of Canada to $258.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – General Dynamics had its price target raised by analysts at Bank of America Corp from $245.00 to $260.00. They now have a “buy” rating on the stock.
  • 1/25/2018 – General Dynamics had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein. They now have a $237.00 price target on the stock, up previously from $218.00.
  • 1/25/2018 – General Dynamics was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “General Dynamics ended 2017 on a mixed note. While its fourth-quarter earnings comfortably surpassed the Zacks Consensus Estimate, the sales figure failed to meet the top line estimate. The company remains one of the only two contractors in the world equipped to build nuclear-powered submarines and its diverse portfolio of products and services along with its wide customer base provides it with an opportunity to generate solid revenues from different sources. However, General Dynamics operates in a highly competitive market and has to rely on other companies to provide materials, components and subsystems for its products. Moreover, the company underperformed the broader industry in last twelve months. Further, its dependence on international sales for a major portion of its revenues exposes it to the risk of currency fluctuations.”
  • 1/25/2018 – General Dynamics had its price target raised by analysts at Wells Fargo & Co from $225.00 to $240.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – General Dynamics had its price target raised by analysts at Citigroup Inc from $215.00 to $235.00. They now have a “neutral” rating on the stock.
  • 1/25/2018 – General Dynamics had its price target raised by analysts at Credit Suisse Group AG from $238.00 to $259.00. They now have an “outperform” rating on the stock.
  • 1/25/2018 – General Dynamics had its price target raised by analysts at Jefferies Group LLC to $247.00. They now have a “buy” rating on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/23/2018 – General Dynamics was given a new $246.00 price target on by analysts at Royal Bank of Canada. They now have a “buy” rating on the stock.
  • 1/19/2018 – General Dynamics was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $234.00 price target on the stock. According to Zacks, “General Dynamics is one of the only two contractors in the world equipped to build nuclear-powered submarines and its diverse portfolio of products and services along with its wide customer base provides it with an opportunity to generate solid revenues from different sources. The recent budgetary amendments in the country have been in favor of the company’s business line and the company continues to secure sizeable orders at regular intervals. However, General Dynamics operates in a highly competitive market and has to rely on other companies to provide materials, components and subsystems for its products. Moreover, the company underperformed the broader industry in last six months. Further, the company’s dependence on international sales for a major portion of its revenues exposes it to the risk of currency fluctuations.”
  • 1/11/2018 – General Dynamics was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Being one of the only two contractors in the world equipped to build nuclear-powered submarines, General Dynamics’ diverse portfolio of products and services along with its wide customer base provides it with an opportunity to generate solid revenues from different sources. The recent budgetary amendments in the country have been in favor of the company’s business line. However, General Dynamics operates in a highly competitive market and has to rely on other companies to provide materials, components and subsystems for its products. Moreover, the company underperformed the broader industry in last one year. Further, the company’s dependence on international sales for a major portion of its revenues exposes it to the risk of currency fluctuations.”
  • 1/9/2018 – General Dynamics had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $220.00 price target on the stock.
  • 1/8/2018 – General Dynamics had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $237.00 price target on the stock.
  • 12/26/2017 – General Dynamics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “General Dynamics operates in a highly competitive market and has to rely on other companies to provide materials, components and subsystems for its products. Also it faces foreign currency fluctuations. Moreover, the company underperformed the broader industry in last one year. General Dynamics’ fortunes are tied to the cyclical aerospace market, which is currently in a recovery phase. Further, the company’s dependence on international sales for a major portion of its revenues exposes it to the risk of currency fluctuations and other geo-political risks. Being one of the only two contractors in the world equipped to build nuclear-powered submarines, General Dynamics’ diverse portfolio of products and services along with its wide customer base provides it with an opportunity to generate solid revenues from different sources.”

General Dynamics Co. (NYSE:GD) traded down $2.42 during trading on Monday, reaching $209.68. The company had a trading volume of 976,296 shares, compared to its average volume of 1,818,241. General Dynamics Co. has a twelve month low of $183.72 and a twelve month high of $229.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. The stock has a market capitalization of $62,971.57, a PE ratio of 21.96, a price-to-earnings-growth ratio of 2.25 and a beta of 0.85.

General Dynamics (NYSE:GD) last issued its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The firm had revenue of $8.28 billion during the quarter, compared to analyst estimates of $8.40 billion. During the same quarter in the previous year, the company posted $1.89 earnings per share. The company’s revenue was up 8.1% compared to the same quarter last year. equities research analysts predict that General Dynamics Co. will post 11.1 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, January 19th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Thursday, January 18th. General Dynamics’s dividend payout ratio (DPR) is currently 35.18%.

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.

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