Somewhat Favorable Media Coverage Somewhat Unlikely to Impact General Dynamics (GD) Share Price
News coverage about General Dynamics (NYSE:GD) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. General Dynamics earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 46.3096556017509 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- General Dynamics delivers two AJAX platforms for GAT (adsadvance.co.uk)
- General Dynamics Corporation (GD) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Noteworthy Friday Option Activity: NVDA, DOV, GD – Nasdaq (nasdaq.com)
- General Dynamics, U.S. Navy sign $5.1 billion pact for ballistic-missile subs (mil-embedded.com)
- Hexcel Corporation (HXL) vs. General Dynamics Corporation (GD) Critical Analysis (americanbankingnews.com)
A number of brokerages have issued reports on GD. BidaskClub upgraded General Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $220.00 price target on shares of General Dynamics in a research report on Friday, June 2nd. ValuEngine upgraded General Dynamics from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $220.00 price target on shares of General Dynamics in a research report on Friday, July 7th. Finally, Cowen and Company reiterated a “buy” rating and set a $210.00 price target on shares of General Dynamics in a research report on Monday, July 17th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $206.59.
Shares of General Dynamics (NYSE:GD) opened at 205.41 on Monday. The stock has a market capitalization of $61.58 billion, a P/E ratio of 20.29 and a beta of 0.71. General Dynamics has a one year low of $148.76 and a one year high of $206.57. The stock’s 50 day moving average price is $199.30 and its 200 day moving average price is $196.51.
General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. General Dynamics had a return on equity of 27.90% and a net margin of 9.76%. The business had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.76 billion. During the same period last year, the company earned $2.30 EPS. The firm’s revenue was down 1.3% on a year-over-year basis. On average, analysts forecast that General Dynamics will post $9.80 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 10th. Stockholders of record on Friday, October 6th will be given a $0.84 dividend. The ex-dividend date is Thursday, October 5th. This represents a $3.36 annualized dividend and a dividend yield of 1.64%. General Dynamics’s dividend payout ratio is currently 34.57%.
About General Dynamics
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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