Morgan Stanley analyst Rajeev Lalwani maintained a Sell rating on General Dynamics Corp (GD) today and set a price target of $189. The company’s shares closed yesterday at $180.08.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 6.0% and a 66.2% success rate. Lalwani covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and Hawaiian Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for General Dynamics Corp with a $211.89 average 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 neutral on the stock. Earlier this month, 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.
