Short Term Price Target on General Dynamics Corporation (GD)

General Dynamics Corporation (NYSE:GD) : Average target price received by General Dynamics Corporation (NYSE:GD) is $164.89 with an expected standard deviation of $7.32. The most aggressive target on the stock is $175, whereas the most downbeat target is $152. 9 financial analysts are currently covering the stock.

Shares of General Dynamics Corporation appreciated by 0.18% during the last five trading days but lost 1.01% on a 4-week basis. General Dynamics Corporation is up 6.43% in the last 3-month period. Year-to-Date the stock performance stands at 3.08%. 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) has an average broker rating of 1.5, which is interpreted as a Strong Buy, as rated by 14 equity analysts. Nonetheless, 10 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

General Dynamics Corporation (NYSE:GD): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $135.82 and $135.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $139.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $139.24, notching a gain of 2.66% for the day. The total traded volume was 2,677,003 . The stock had closed at $135.63 on the previous day.

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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