General Dynamics’ (GD) Hold Rating Reaffirmed at Stifel Nicolaus

General Dynamics (NYSE:GD)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a research report issued on Tuesday, January 9th. They currently have a $220.00 price target on the aerospace company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 4.47% from the stock’s current price.

A number of other equities research analysts have also issued reports on the stock. Credit Suisse Group restated an “outperform” rating and set a $238.00 price target (up previously from $216.00) on shares of General Dynamics in a report on Thursday, October 26th. JPMorgan Chase & Co. downgraded shares of General Dynamics from a “neutral” rating to an “underweight” rating and lowered their price objective for the company from $225.00 to $215.00 in a research report on Tuesday, December 12th. Zacks Investment Research downgraded shares of General Dynamics from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Royal Bank of Canada set a $239.00 price objective on shares of General Dynamics and gave the company a “buy” rating in a research report on Wednesday, November 15th. Finally, Cowen reaffirmed a “buy” rating and set a $230.00 price objective on shares of General Dynamics in a research report on Thursday, October 26th. Three analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $218.92.

Shares of General Dynamics (NYSE:GD) opened at $210.59 on Tuesday. General Dynamics has a 1-year low of $172.43 and a 1-year high of $214.81. The company has a current ratio of 1.37, a quick ratio of 0.93 and a debt-to-equity ratio of 0.34. The stock has a market cap of $62,880.00, a P/E ratio of 20.91, a PEG ratio of 2.27 and a beta of 0.72.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, October 25th. The aerospace company reported $2.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.43 by $0.09. General Dynamics had a net margin of 9.94% and a return on equity of 27.98%. The business had revenue of $7.58 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the previous year, the business earned $2.36 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. analysts forecast that General Dynamics will post 9.8 EPS for the current fiscal year.

In related news, VP Gregory S. Gallopoulos sold 78,370 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $202.93, for a total transaction of $15,903,624.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Patrick Casey sold 34,945 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 144,378 shares of the company’s stock, valued at $29,074,841.64. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. ETRADE Capital Management LLC raised its stake in shares of General Dynamics by 38.0% in the 3rd quarter. ETRADE Capital Management LLC now owns 2,337 shares of the aerospace company’s stock valued at $481,000 after buying an additional 643 shares in the last quarter. Brightworth acquired a new position in shares of General Dynamics in the 3rd quarter valued at $5,882,000. Park National Corp OH raised its stake in shares of General Dynamics by 7.6% in the 3rd quarter. Park National Corp OH now owns 45,986 shares of the aerospace company’s stock valued at $9,454,000 after buying an additional 3,234 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of General Dynamics in the 2nd quarter valued at $2,218,000. Finally, Amalgamated Bank raised its stake in shares of General Dynamics by 1.8% in the 3rd quarter. Amalgamated Bank now owns 30,733 shares of the aerospace company’s stock valued at $6,318,000 after buying an additional 549 shares in the last quarter. Hedge funds and other institutional investors own 86.76% of the company’s stock.

WARNING: This piece was originally reported by BBNS and is the sole property of of BBNS. If you are accessing this piece on another domain, it was stolen and republished in violation of US & international trademark and copyright law. The legal version of this piece can be read at https://baseballnewssource.com/markets/general-dynamics-gd-stock-rating-reaffirmed-by-stifel-nicolaus/1819690.html.

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.

Analyst Recommendations for General Dynamics (NYSE:GD)

Receive News & Ratings for General Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Report: 20-Second Clock and Limit on Mound Visits Rejected by MLBPA
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Christian Yelich’s Agent Says Relationship with Marlins is Broken
Houston Astros Add Starter to Rotation
Houston Astros Add Starter to Rotation
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Sources: Mets Bringing Back Jay Bruce with Three-Year Deal
Justin Morneau Former Star With Twins and AL MVP Retires
Justin Morneau Former Star With Twins and AL MVP Retires
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets
MLB Rumor: Pirates Discussing Andrew McCutchen with Mets


Leave a Reply

 
© 2006-2018 BBNS.