Royal Bank of Canada Raises General Dynamics (GD) Price Target to $267.00

General Dynamics (NYSE:GD) had its price objective lifted by equities research analysts at Royal Bank of Canada to $267.00 in a research note issued on Tuesday. The firm currently has an “outperform” rating on the aerospace company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 19.10% from the company’s previous close.

A number of other equities research analysts also recently weighed in on GD. Stifel Nicolaus raised their price target on General Dynamics from $200.00 to $210.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. 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 research report on Thursday, October 26th. Zacks Investment Research upgraded General Dynamics from a “hold” rating to a “buy” rating and set a $238.00 price target on the stock in a research report on Thursday, October 26th. Jefferies Group restated a “buy” rating and set a $236.00 price target on shares of General Dynamics in a research report on Thursday, October 26th. Finally, Cowen restated a “buy” rating and set a $230.00 price target on shares of General Dynamics in a research report on Thursday, October 26th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $232.57.

Shares of General Dynamics (NYSE GD) opened at $224.19 on Tuesday. General Dynamics has a 12-month low of $183.72 and a 12-month high of $229.54. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.99 and a current ratio of 1.40. The firm has a market capitalization of $66,569.55, a PE ratio of 23.48, a price-to-earnings-growth ratio of 2.37 and a beta of 0.85.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, January 24th. The aerospace company reported $2.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.37 by $0.13. General Dynamics had a return on equity of 27.22% and a net margin of 9.40%. The business had revenue of $8.28 billion for the quarter, compared to the consensus estimate of $8.40 billion. During the same quarter last year, the business posted $1.89 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. equities research analysts forecast that General Dynamics will post 11.1 EPS for the current fiscal year.

In related news, Director John M. Keane sold 1,800 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $216.43, for a total value of $389,574.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Patrick Casey sold 9,304 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $215.29, for a total value of $2,003,058.16. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Highlander Capital Management LLC grew its stake in shares of General Dynamics by 101.4% in the fourth quarter. Highlander Capital Management LLC now owns 596 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 300 shares during the last quarter. Resources Investment Advisors Inc. grew its stake in shares of General Dynamics by 92.3% in the fourth quarter. Resources Investment Advisors Inc. now owns 625 shares of the aerospace company’s stock worth $127,000 after purchasing an additional 300 shares during the last quarter. We Are One Seven LLC bought a new stake in shares of General Dynamics in the fourth quarter worth about $128,000. NuWave Investment Management LLC bought a new stake in shares of General Dynamics in the fourth quarter worth about $130,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of General Dynamics in the fourth quarter worth about $134,000. 86.88% of the stock is currently owned by institutional investors.

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General Dynamics 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.

Analyst Recommendations for General Dynamics (NYSE:GD)

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