In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on General Dynamics Corp (GD), with a price target of $230. The company’s shares opened today at $168.59, close to its 52-week low of $163.32.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 11.1% and a 57.9% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, L3 Technologies Inc, and Spirit AeroSystems.
Currently, the analyst consensus on General Dynamics Corp is a Moderate Buy with an average price target of $212.78, which is a 26.2% upside from current levels. In a report issued on December 4, Barclays also maintained a Buy rating on the stock with a $210 price target.
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Based on General Dynamics Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $9.09 billion and net profit of $851 million. In comparison, last year the company earned revenue of $7.58 billion and had a net profit of $764 million.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GD in relation to earlier this year. Last month, James Crown, a Director at GD bought 4,580 shares for a total of $325,226.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It is organized into four business groups: Aerospace, Combat Systems, Information Systems and Technology, and Marine Systems.
