General Dynamics Corporation (GD) Receiving Somewhat Favorable News Coverage, Analysis Shows
Media headlines about General Dynamics Corporation (NYSE:GD) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. General Dynamics Corporation earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media coverage about the aerospace company an impact score of 46.3516524770925 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Why this stock is considered to be Overbought? General Dynamics Corporation (GD) RSI is at 74.40 – Voice Of Analysts (analystsbuzz.com)
- Trade of the Day: General Dynamics Corporation (NYSE:GD) – Investorplace.com (investorplace.com)
- December 15th Options Now Available For General Dynamics (GD) (nasdaq.com)
- General Dynamics Selected to Provide IT Services for the U.S. Naval Sea Systems Command (finance.yahoo.com)
- General Dynamics Awarded Multi-Year Contract for 40mm Low-Velocity Grenade Training Cartridges (finance.yahoo.com)
A number of research analysts have commented on the company. ValuEngine downgraded General Dynamics Corporation from a “buy” rating to a “hold” rating in a report on Tuesday. Deutsche Bank AG reaffirmed a “hold” rating and set a $210.00 target price (up previously from $200.00) on shares of General Dynamics Corporation in a report on Monday. Zacks Investment Research raised General Dynamics Corporation from a “hold” rating to a “buy” rating and set a $230.00 target price on the stock in a report on Monday. BidaskClub raised General Dynamics Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $220.00 target price on shares of General Dynamics Corporation in a report on Friday, July 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $209.12.
General Dynamics Corporation (NYSE:GD) traded up 1.42% during mid-day trading on Thursday, reaching $213.45. The company had a trading volume of 1,215,314 shares. The company’s 50 day moving average is $202.03 and its 200 day moving average is $197.82. The stock has a market capitalization of $63.99 billion, a price-to-earnings ratio of 21.09 and a beta of 0.72. General Dynamics Corporation has a 52-week low of $148.76 and a 52-week high of $214.11.
General Dynamics Corporation (NYSE:GD) last issued its earnings results on Wednesday, July 26th. The aerospace company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.43 by $0.02. The company had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.76 billion. General Dynamics Corporation had a net margin of 9.63% and a return on equity of 28.17%. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 EPS. Equities analysts predict that General Dynamics Corporation will post $9.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 10th. Shareholders of record on Friday, October 6th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Thursday, October 5th. General Dynamics Corporation’s payout ratio is 34.57%.
General Dynamics Corporation Company Profile
General Dynamics Corporation is a global aerospace and defense company. The Company offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; information technology (IT) services and C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions, and shipbuilding and ship repair.
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