Credit Suisse analyst Robert Spingarn maintained a Buy rating on General Dynamics Corp (GD) yesterday and set a price target of $190. The company’s shares closed yesterday at $164.53.
According to TipRanks.com, Spingarn is a 5-star analyst with an average return of 14.0% and a 66.0% success rate. Spingarn covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, L3 Technologies Inc, and Huntington Ingalls.
Currently, the analyst consensus on General Dynamics Corp is a Moderate Buy with an average price target of $203.10.
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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 $8.28 billion and had a net profit of $636 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. Most recently, in November 2018, James Crown, a Director at GD bought 4,580 shares for a total of $325,226.
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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.
