CRT Capital Initiates Coverage on General Dynamics (GD)
Shares of General Dynamics traded down 0.13% during mid-day trading on Wednesday, hitting $68.15. General Dynamics has a one year low of $53.95 and a one year high of $75.93. The company has a market cap of $24.561 billion and a P/E ratio of 10.03.
The company last announced its quarterly results on Wednesday, April 25th. It reported $1.57 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.69 EPS by $0.12. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts predict that General Dynamics will post $1.83 earnings per share next quarter.
GD has been the subject of a number of other recent research reports. Analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of General Dynamics in a research note on Thursday. They now have an “outperform” rating and a $79.00 price target on the stock. Separately, analysts at Morgan Stanley (NYSE: MS) downgraded shares of General Dynamics from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, April 26th. Finally, analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of General Dynamics from $80.00 to $83.00 in a research note to investors on Wednesday, April 11st. They now have a “buy” rating on the stock.
General Dynamics Corporation 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.