General Dynamics (GD) PT Raised to $262.00 at Credit Suisse Group

General Dynamics (NYSE:GD) had its price target hoisted by investment analysts at Credit Suisse Group from $259.00 to $262.00 in a research report issued to clients and investors on Tuesday. The firm currently has an “outperform” rating on the aerospace company’s stock. Credit Suisse Group’s price target would indicate a potential upside of 23.70% from the company’s current price.

A number of other brokerages also recently commented on GD. Sanford C. Bernstein reissued a “market perform” rating and set a $237.00 price objective (up from $218.00) on shares of General Dynamics in a research report on Thursday, January 25th. Bank of America boosted their price objective on General Dynamics from $245.00 to $260.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Buckingham Research reissued a “buy” rating and set a $260.00 price objective (up from $230.00) on shares of General Dynamics in a research report on Tuesday, January 30th. Zacks Investment Research raised General Dynamics from a “hold” rating to a “buy” rating and set a $252.00 price objective for the company in a research report on Friday, February 2nd. Finally, Argus raised General Dynamics to a “buy” rating and boosted their price objective for the stock from $230.00 to $250.00 in a research report on Tuesday, January 30th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $232.09.

General Dynamics (GD) traded up $2.28 during midday trading on Tuesday, reaching $211.81. The company’s stock had a trading volume of 2,526,025 shares, compared to its average volume of 1,870,000. The firm has a market cap of $63,240.00, a P/E ratio of 22.09, a P/E/G ratio of 2.25 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. General Dynamics has a 52 week low of $183.72 and a 52 week high of $229.54.

General Dynamics (NYSE:GD) last released its earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.13. The company had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $8.40 billion. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. General Dynamics’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.89 EPS. sell-side analysts anticipate that General Dynamics will post 11.1 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in General Dynamics by 0.4% during the fourth quarter. BlackRock Inc. now owns 16,670,214 shares of the aerospace company’s stock worth $3,391,556,000 after purchasing an additional 60,034 shares during the last quarter. Janus Henderson Group PLC lifted its stake in General Dynamics by 6.1% during the third quarter. Janus Henderson Group PLC now owns 5,302,868 shares of the aerospace company’s stock worth $1,090,164,000 after purchasing an additional 304,175 shares during the last quarter. Geode Capital Management LLC lifted its stake in General Dynamics by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 3,115,765 shares of the aerospace company’s stock worth $632,676,000 after purchasing an additional 57,738 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in General Dynamics by 2,097.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,711,597 shares of the aerospace company’s stock worth $353,351,000 after purchasing an additional 1,633,700 shares during the last quarter. Finally, Bank of Montreal Can lifted its stake in General Dynamics by 15.0% during the fourth quarter. Bank of Montreal Can now owns 1,557,931 shares of the aerospace company’s stock worth $316,962,000 after purchasing an additional 202,628 shares during the last quarter. Hedge funds and other institutional investors own 87.03% of the company’s stock.

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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)

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