General Dynamics (GD) is Upgraded by Drexel Hamilton to Buy

General Dynamics (GD) is Upgraded by Drexel Hamilton to Buy , according to the research report released to the investors. Earlier the firm had a rating of Hold on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of General Dynamics Corporation (NYSE:GD) ended Thursday session in red amid volatile trading. The shares closed down 1.48 points or 1.06% at $138.16 with 1,180,915 shares getting traded. Post opening the session at $139.57, the shares hit an intraday low of $138.01 and an intraday high of $140.08 and the price vacillated in this range throughout the day. The company has a market cap of $43,676 million and the number of outstanding shares has been calculated to be 316,128,160 shares. The 52-week high of General Dynamics Corporation (NYSE:GD) is $153.76 and the 52-week low is $130.91.

During the last several months other analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Barclays, upgrades their rating on the shares of General Dynamics Corporation (NYSE:GD). Barclays has a Overweight rating on the shares. Previously, the analysts had a Equal-weight rating on the shares. As per the latest report, the brokerage house maintains the price target to $157 per share. The rating by the firm was issued on November 30, 2015.

Analysts at Zacks have given a short term rating of buy on General Dynamics Corporation (NYSE:GD) with a rank of 2. The shares has received an average rating of 1.64 from 14 brokerage firms. 9 analysts have rated the company as a strong buy. The shares has been rated as hold from 4 Wall Street Analysts. 1 analysts have suggested buying the shares.

General Dynamics Corporation (NYSE:GD): The mean estimate for the short term price target for General Dynamics Corporation (NYSE:GD) stands at $168.78 according to 9 Analysts. The higher price target estimate for the stock has been calculated at $175 while the lower price target estimate is at $157.

General Dynamics Corporation has lost 1.31% in the last five trading days and dropped 3.3% in the last 4 weeks. General Dynamics Corporation has dropped 0.29% during the last 3-month period . Year-to-Date the stock performance stands at 2.36%.

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; military and commercial shipbuilding, and communications and information technology. The Company operates through four business groups: Aerospace, Combat Systems, Marine Systems and Information Systems and Technology. In December 2011, it acquired Force Protection, Inc. In February 2012, the Company acquired the Enterprise Jet Center FBO at Hobby Airport in Houston, Texas. In June 8, 2012, the Company acquired IPW Holdings, Inc. In August 2012, it acquired Ship Repair and Coatings Division of Earl Industries. In August 2012, the Company acquired the defense operations of Gayston Corporation. In August 2012, the Company acquired Fidelis Security Systems, Inc. In September 2012, it acquired Open Kernel Labs, Inc. In December 2012, the Company acquired Applied Physical Sciences Corp.