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Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Cloud Solution Platform Receives FedRAMP Authorization

[PR Newswire] – FAIRFAX, Va., Jan. 11, 2016 /PRNewswire/ — General Dynamics Information Technology announced that its “GDIT Cloud” offering has received Federal Risk Authorization Management Program (FedRAMP℠) … Read more on this. General Dynamics Corporation (GD) , valued at $41.42B, opened this morning at $131.60. Looking at the stock, its one day range is $130.16 to $132.18 and has traded between $129.87 and $153.76 over the past year. GD shares are currently priced at 14.40x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.16x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.76 per share annually in dividends, yielding 2.01%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.37 per share, which would be $0.18 better than the year-ago quarter and a $0.06 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $9.04, which would be a $1.21 better when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $8.23 Billion. If reported, that would be a 1.56% decrease over the year-ago quarter. Recently, Drexel Hamilton upgraded GD from Hold to Buy (Dec 21, 2015). Previously, Argus upgraded GD from Hold to Buy. The average price target for GD shares by the analysts covering the stock is $165.38, which is 25.67% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics Wins Contract to Provide Communications Services to USAFCENT in Southwest and Central Asia Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics Receives $24 Million Contract for Submarine Planning Services Company Update: General Dynamics Corp (NYSE:GD) – General Dynamics tops 2nd-qtr estimates, raises full-year forecast
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