Goldman Sachs Cuts General Dynamics to Sell (GD)

By admin | 6 years ago

General Dynamics (NYSE: GD) was downgraded by equities research analysts at Goldman Sachs (NYSE: GS) from a “neutral” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other analysts have also recently commented on the stock. Analysts at CRT Capital initiated coverage on shares of General Dynamics in a research note to investors on Wednesday, May 2nd. They set a “sell” rating on the stock. Separately, 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. Finally, 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.

General Dynamics traded up 0.69% on Thursday, hitting $63.78. General Dynamics has a 1-year low of $53.95 and a 1-year high of $75.93. The company has a market cap of $22.999 billion and a price-to-earnings ratio of 9.31.

General Dynamics last posted its quarterly earnings results on Wednesday, April 25th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by $0.12. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that General Dynamics will post $1.83 EPS next quarter.

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.

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