Somewhat Favorable Media Coverage Somewhat Unlikely to Impact General Dynamics Corporation (GD) Stock Price
Media coverage about General Dynamics Corporation (NYSE:GD) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. General Dynamics Corporation earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 45.1998832732613 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Stock’s Buzzers: General Dynamics Corporation, (NYSE: GD), The Hershey Company, (NYSE: HSY), Waddell & Reed … – Stocks In The News (press release) (tradingnewsnow.com)
- ETFs with exposure to General Dynamics Corp. : November 13, 2017 (finance.yahoo.com)
- General Dynamics Corporation (GD) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- 5 Things General Dynamics Wants You to Know (fool.com)
- Noteworthy Friday Option Activity: WDC, DOV, GD – Nasdaq.com – Nasdaq (nasdaq.com)
Shares of General Dynamics Corporation (NYSE:GD) traded down $1.23 during midday trading on Wednesday, reaching $198.99. 1,069,000 shares of the company were exchanged, compared to its average volume of 1,151,302. General Dynamics Corporation has a one year low of $164.97 and a one year high of $214.81. The stock has a market cap of $59,755.40, a PE ratio of 19.87, a P/E/G ratio of 2.40 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.93 and a current ratio of 1.37.
General Dynamics Corporation (NYSE:GD) last released its quarterly earnings data on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. The business had revenue of $7.58 billion during the quarter, compared to analyst estimates of $7.94 billion. General Dynamics Corporation had a net margin of 9.94% and a return on equity of 27.98%. General Dynamics Corporation’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $2.36 EPS. research analysts anticipate that General Dynamics Corporation will post 9.82 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $215.00 target price (up from $210.00) on shares of General Dynamics Corporation in a research report on Monday, October 9th. ValuEngine cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cowen and Company reaffirmed a “buy” rating and issued a $230.00 target price on shares of General Dynamics Corporation in a research report on Thursday, October 19th. Finally, Stifel Nicolaus raised their target price on shares of General Dynamics Corporation from $200.00 to $210.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. General Dynamics Corporation has an average rating of “Hold” and a consensus target price of $217.19.
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In other General Dynamics Corporation news, insider John Patrick Casey sold 34,945 shares of the firm’s 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 completion of the sale, the insider now directly owns 144,378 shares in the company, valued at approximately $29,074,841.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Gregory S. Gallopoulos sold 78,370 shares of the firm’s 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 disclosure for this sale can be found here. 6.70% of the stock is currently owned by company insiders.
General Dynamics Corporation 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.
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