Analyst Rating Update on General Dynamics Corporation (GD)

General Dynamics Corporation (NYSE:GD) : Zacks Investment Research ranks General Dynamics Corporation (NYSE:GD) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 14 research analysts is 1.5, which indicates as a Strong Buy.

General Dynamics Corporation (NYSE:GD) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $175 and the lowest price target forecast is $152. The average forecast of all the analysts is $164.89 and the expected standard deviation is $7.32.

For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Goldman Sachs maintains its ratings on General Dynamics Corporation (NYSE:GD). In the latest research report, Goldman Sachs raises the target price from $151 per share to $147 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on May 2, 2016.

General Dynamics Corporation (NYSE:GD): stock turned positive on Tuesday. Though the stock opened at $134.56, the bulls momentum made the stock top out at $134.56 level for the day. The stock recorded a low of $132.81 and closed the trading day at $133.94, in the green by 0.66%. The total traded volume for the day was 1,912,091. The stock had closed at $133.06 in the previous days trading.

In an insider trading activity, The officer (Senior VP, Gen. Counsel, Sec.), of General Dynamics Corp, Gallopoulos Gregory S had unloaded 60,890 shares at $134.47 per share in a transaction on February 18, 2016. The total value of transaction was $8,187,878. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

General Dynamics Corporation is an aerospace and defense company that offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; communications and information technology systems and solutions, and military and commercial shipbuilding. The Company operates through four business groups: Aerospace, Combat Systems, Information Systems and Technology and Marine Systems. Aerospace group designs, manufactures and outfits a family of Gulfstream business-jet aircraft and provides aircraft services. Combat Systems group is engaged in systems engineering, spanning design, development, manufacture and support of military vehicles, weapons systems and munitions. Marine Systems group designs, builds and supports submarines and surface ships. Information Systems and Technology group provides technologies, products and services that support a range of military, federal/civilian and commercial information-systems requirements.

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