General Dynamics (NYSE:GD – Get Ratings) In a research note issued to investors on Tuesday, Cowen’s equity analysts raised their price target from $260.00 to $285.00, The Fly reports. Cohen’s price target shows he could be up 14.87% from the previous close.
Several other equity research analysts have also commented on GD. Wolfe Research launched an article on General Dynamics in its research notes on Monday, October 10th. They announced an “Outperform” rating and a price target of $265.00 for the company. The Royal Bank of Canada raised its price target on General Dynamics shares from his $270.00 to his $275.00 in a report on Thursday, Oct. 27. StockNews.com downgraded General Dynamics shares from a “strong buy” rating to a “buy” rating in a report on Wednesday, December 14. Citigroup began covering General Dynamics stock in its report on Thursday, Dec. 8. They issued a “Buy” rating and a company target price of $298.00. Finally, Bank of America raised its price target on General Dynamics stock to $325.00 from $286.00 in its Friday Oct. 28 report. Two analysts rated the stock with a hold rating and six issued a buy rating on the stock. According to MarketBeat.com data, General Dynamics currently has an average rating of “moderate buy” and a consensus target price of $273.91.
General Dynamics Trading Down 0.4%
NYSE:GD opened at $248.11 on Tuesday. The company has a debt to equity ratio of 0.52, a current ratio of 1.34 and a quick ratio of 0.94. The company has a market capitalization of $68.12 billion, a price/earnings ratio of 20.66, a price/earnings ratio of 2.20 and a beta of 0.88. His 1-year low on General Dynamics is $200.65 and his 1-year high is $256.86. The 50-day moving average price for this business is $248.78 and the 200-day moving average price is $233.82.
General Dynamics (NYSE:GD – Get Rating) last announced its quarterly earnings data on Wednesday, Oct. 26. The aerospace company reported EPS of $3.26 for the quarter, beating consensus expectations of $3.16 by $0.10. The company’s revenue for the quarter was $9.98 billion, compared with analyst estimates of $9.93 billion. General Dynamics’ return on equity was 18.96% and net profit margin was 8.62%. General Dynamics revenue increased 4.3% year-on-year. It posted EPS of $3.07 in the year-ago quarter. Sell-side analysts expect General Dynamics to post 12.16 EPS this year.
institution inflow and outflow
Hedge funds and other institutional investors have recently changed their stock positions. Certified Advisory Corp purchased a new position in General Dynamics stock in the first quarter for approximately $25,000. Crewe Advisors LLC purchased a new position in General Dynamics stock for approximately $27,000 in the second quarter. Wagner Wealth Management LLC purchased a new position in General Dynamics stock for approximately $32,000 in the second quarter. Coston McIsaac & Partners purchased a new position in General Dynamics stock for approximately $32,000 in the second quarter. Finally, Annapolis Financial Services LLC purchased a new position in General Dynamics stock for approximately $36,000 in the third quarter. Institutional investors own 84.83% of the company’s shares.
About the dynamics in general
(get rating)
General Dynamics Corporation is an aerospace and defense company with operations around the world. He operates in four segments: Aerospace, Marine Systems, Combat Systems, and Technology. The Aerospace segment designs, manufactures and sells business jets. We provide aircraft maintenance and repair, management, charter, aircraft ground support and completion, staffing, and fixed base operator services.
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