Equities researchers at RBC Capital lifted their target price on shares of General Dynamics Corp. (NYSE:GD) from $102.00 to $109.00 in a research report issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s price target points to a potential upside of 20.40% from the company’s current price.
In other General Dynamics Corp. news, Director Lester L. Lyles sold 15,100 shares of the company’s stock on the open market in a transaction dated Friday, December 6th. The stock was sold at an average price of $90.17, for a total value of $1,361,567.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
General Dynamics Corp. (NYSE:GD) opened at 90.53 on Tuesday. General Dynamics Corp. has a 52-week low of $64.47 and a 52-week high of $92.75. The stock has a 50-day moving average of $88.80 and a 200-day moving average of $84.80. The company’s market cap is $31.625 billion.
General Dynamics Corp. (NYSE:GD) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $1.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.68 by $0.02. The company had revenue of $7.93 billion for the quarter, compared to the consensus estimate of $7.76 billion. During the same quarter last year, the company posted $1.70 earnings per share. General Dynamics Corp.’s revenue was down 1.7% compared to the same quarter last year. Analysts expect that General Dynamics Corp. will post $7.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, February 7th. Shareholders of record on Friday, January 17th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Wednesday, January 15th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of General Dynamics Corp. in a research note to investors on Monday, November 25th. They now have a $97.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of General Dynamics Corp. in a research note to investors on Wednesday, November 6th. They now have a $93.00 price target on the stock. Finally, analysts at Sanford C. Bernstein raised their price target on shares of General Dynamics Corp. from $88.00 to $92.00 in a research note to investors on Wednesday, November 6th. They now have a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $94.50.
General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology.
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