General Dynamics Corporation (NYSE:GD)‘s stock had its “buy” rating restated by stock analysts at Cowen and Company in a research report issued on Thursday. They currently have a $230.00 target price on the aerospace company’s stock. Cowen and Company’s price objective would suggest a potential upside of 9.32% from the company’s current price.

GD has been the subject of several other reports. Zacks Investment Research cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup Inc. restated a “neutral” rating and set a $215.00 price objective (up from $210.00) on shares of General Dynamics Corporation in a research report on Monday, October 9th. ValuEngine cut shares of General Dynamics Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Deutsche Bank AG restated a “hold” rating and set a $210.00 price objective (up from $200.00) on shares of General Dynamics Corporation in a research report on Monday, October 2nd. Finally, BidaskClub upgraded shares of General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $210.79.

General Dynamics Corporation (GD) traded up 0.51% during mid-day trading on Thursday, hitting $211.46. 487,487 shares of the stock were exchanged. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $214.81. The stock has a market cap of $63.39 billion, a PE ratio of 20.89 and a beta of 0.72. The stock’s 50 day moving average is $205.46 and its 200 day moving average is $199.44.

General Dynamics Corporation (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 26th. The aerospace company reported $2.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.43 by $0.02. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the firm posted $2.30 earnings per share. Analysts forecast that General Dynamics Corporation will post $9.81 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “General Dynamics Corporation (GD) Receives Buy Rating from Cowen and Company” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/10/19/general-dynamics-corporation-gd-receives-buy-rating-from-cowen-and-company.html.

Several institutional investors and hedge funds have recently made changes to their positions in GD. Pathstone Family Office LLC boosted its stake in shares of General Dynamics Corporation by 100.0% in the second quarter. Pathstone Family Office LLC now owns 24 shares of the aerospace company’s stock valued at $4,754,000 after purchasing an additional 12 shares during the period. Vantage Investment Advisors LLC boosted its stake in shares of General Dynamics Corporation by 9.3% in the second quarter. Vantage Investment Advisors LLC now owns 585 shares of the aerospace company’s stock valued at $116,000 after purchasing an additional 50 shares during the period. Ruggie Capital Group purchased a new position in shares of General Dynamics Corporation in the first quarter valued at approximately $119,000. Quadrant Capital Group LLC boosted its stake in shares of General Dynamics Corporation by 6.1% in the second quarter. Quadrant Capital Group LLC now owns 645 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 37 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of General Dynamics Corporation in the second quarter valued at approximately $129,000. Institutional investors and hedge funds own 86.17% of the company’s stock.

General Dynamics Corporation 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 Corporation (NYSE:GD)

Receive News & Ratings for General Dynamics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Dynamics Corporation and related companies with MarketBeat.com's FREE daily email newsletter.