Alembic Global analyst Peter Skibitski maintained a Buy rating on General Dynamics Corp (NYSE: GD) today and set a price target of $252. The company’s shares closed yesterday at $192.61.
According to TipRanks.com, Skibitski is a 4-star analyst with an average return of 19.9% and a 73.3% success rate. Skibitski covers the Consumer Goods sector, focusing on stocks such as L3 Technologies Inc, Huntington Ingalls, and BWX Technologies.
Currently, the analyst consensus on General Dynamics Corp is a Moderate Buy with an average price target of $238.38.
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Based on General Dynamics Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $9.19 billion and net profit of $786 million. In comparison, last year the company earned revenue of $7.68 billion and had a net profit of $749 million.
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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.
