General Dynamics Corporation’s (GD) Hold Rating Reiterated at Deutsche Bank AG
General Dynamics Corporation (NYSE:GD)‘s stock had its “hold” rating reissued by equities research analysts at Deutsche Bank AG in a note issued to investors on Monday. They currently have a $210.00 price objective on the aerospace company’s stock, up from their prior price objective of $200.00. Deutsche Bank AG’s target price indicates a potential upside of 2.15% from the company’s current price.
Other analysts have also issued research reports about the stock. Jefferies Group LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of General Dynamics Corporation in a research report on Friday, July 7th. BidaskClub lowered General Dynamics Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 27th. Zacks Investment Research upgraded General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $224.00 price objective for the company in a research report on Tuesday, June 27th. UBS AG reissued a “buy” rating and set a $225.00 target price (up previously from $215.00) on shares of General Dynamics Corporation in a research note on Monday, June 12th. Finally, Berenberg Bank started coverage on General Dynamics Corporation in a research note on Wednesday, July 12th. They set a “buy” rating and a $230.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. General Dynamics Corporation currently has an average rating of “Buy” and an average target price of $209.12.
General Dynamics Corporation (NYSE:GD) traded up 1.1036% on Monday, hitting $207.8487. The stock had a trading volume of 328,224 shares. General Dynamics Corporation has a 12 month low of $148.76 and a 12 month high of $207.96. The stock has a market cap of $62.31 billion, a PE ratio of 20.5344 and a beta of 0.72. The firm’s 50 day moving average price is $199.30 and its 200-day moving average price is $196.51.
General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.02. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. During the same quarter in the prior year, the company posted $2.30 EPS. The business’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts forecast that General Dynamics Corporation will post $9.80 EPS for the current year.
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A number of institutional investors have recently added to or reduced their stakes in GD. MPS Loria Financial Planners LLC purchased a new position in General Dynamics Corporation in the 2nd quarter valued at approximately $322,000. Intl Fcstone Inc. acquired a new position in shares of General Dynamics Corporation in the second quarter worth $203,000. M Holdings Securities Inc. acquired a new position in shares of General Dynamics Corporation in the second quarter worth $229,000. Griffin Asset Management Inc. acquired a new position in shares of General Dynamics Corporation in the second quarter worth $238,000. Finally, WFG Advisors LP grew its stake in shares of General Dynamics Corporation by 0.3% in the second quarter. WFG Advisors LP now owns 668 shares of the aerospace company’s stock worth $132,000 after acquiring an additional 2 shares in the last quarter. Institutional investors own 86.18% of the company’s stock.
About General Dynamics Corporation
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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