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Stock Update: General Dynamics Corp (NYSE:GD) – Morning Analysis on Aerospace/Defense Products & Services Stocks — United Technologies, The Boeing, General Dynamics, and Lockheed Martin

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 21, 2016 / Park Lane Advisor has initiated coverage on the following equities: United Technologies Corporation (NYSE: UTX), The Boeing Company (NYSE: BA), General Dynamics … Read more on this. General Dynamics Corporation (GD) , with a current value of $39.44B, started the session at $124.38. Shares have traded today between $123.69 and $125.61 per share with a one year range of $121.61 to $153.76. Priced at 13.72x this year’s forecasted earnings, GD shares are relatively inexpensive compared to the industry’s 44.35x forward p/e ratio. The company pays shareholders $2.76 per share in dividend income per year, for a current yield of 2.17%. 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 $0.05 sequential increase. Investors should also note that the full-year EPS estimate of $9.05 is a $1.22 improvement when compared to the previous 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. In terms of ratings, 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 is $162.56, which is 30.70% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Market Update (NYSE:BA): Morning Analysis on Aerospace/Defense Products & Services Stocks — United Technologies, The Boeing, General Dynamics, and Lockheed Martin Market Update: United Technologies Corp (NYSE:UTX) – Morning Analysis on Aerospace/Defense Products & Services Stocks — United Technologies, The Boeing, General Dynamics, and Lockheed Martin Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics Receives $24 Million Contract for Submarine Planning Services
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