General Dynamics (NYSE:GD) had its price objective raised by Morgan Stanley from $209.00 to $225.00 in a report released on Friday. The brokerage presently has an “underweight” rating on the aerospace company’s stock. Morgan Stanley’s target price points to a potential upside of 1.81% from the stock’s previous close.
Several other analysts have also recently issued reports on the stock. Credit Suisse Group reaffirmed an “outperform” rating and set a $238.00 price objective (up previously from $216.00) on shares of General Dynamics in a research note on Thursday, October 26th. JPMorgan Chase & Co. cut shares of General Dynamics from a “neutral” rating to an “underweight” rating and dropped their price objective for the company from $225.00 to $215.00 in a research note on Tuesday, December 12th. Stifel Nicolaus upped their price objective on shares of General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of General Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 26th. Finally, Royal Bank of Canada set a $239.00 price target on shares of General Dynamics and gave the company a “buy” rating in a research note on Wednesday, November 15th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $234.67.
Shares of General Dynamics (GD) opened at $221.00 on Friday. General Dynamics has a one year low of $183.72 and a one year high of $229.54. The stock has a market cap of $65,622.41, a PE ratio of 23.14, a P/E/G ratio of 2.34 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40.
General Dynamics (NYSE:GD) last announced its quarterly earnings data on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.13. General Dynamics had a net margin of 9.40% and a return on equity of 27.22%. The company had revenue of $8.28 billion during the quarter, compared to analysts’ expectations of $8.40 billion. During the same quarter in the prior year, the company earned $1.89 EPS. General Dynamics’s revenue was up 8.1% compared to the same quarter last year. equities analysts expect that General Dynamics will post 11.12 earnings per share for the current year.
In related news, insider John Patrick Casey sold 9,304 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $215.29, for a total transaction of $2,003,058.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John M. Keane sold 1,800 shares of the stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $216.43, for a total transaction of $389,574.00. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Highlander Capital Management LLC lifted its holdings in General Dynamics by 101.4% during the 4th quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after buying an additional 300 shares in the last quarter. Resources Investment Advisors Inc. lifted its holdings in General Dynamics by 92.3% during the 4th quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after buying an additional 300 shares in the last quarter. We Are One Seven LLC acquired a new stake in General Dynamics during the 4th quarter worth approximately $128,000. NuWave Investment Management LLC acquired a new stake in General Dynamics during the 4th quarter worth approximately $130,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in General Dynamics during the 4th quarter worth approximately $134,000. 86.88% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: “Morgan Stanley Raises General Dynamics (GD) Price Target to $225.00” was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://transcriptdaily.com/2018/02/25/morgan-stanley-raises-general-dynamics-gd-price-target-to-225-00.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.
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.