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Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Successfully Completes LNG Bunkering for the Perla Del Caribe

[PR Newswire] – SAN DIEGO, Dec. 17, 2015 /PRNewswire/ — On December 11, General Dynamics NASSCO successfully completed bunkering of liquefied natural gas (LNG) for the Perla Del Caribe , the world’s second containership … Read more on this. General Dynamics Corporation (GD) , with a current value of $43.68B, opened this morning at $139.57. Today’s price range has been between $138.01 and $140.08 per share and has traded between $130.91 and $153.76 over the past 12 months. GD shares are currently priced at 15.43x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 36.33x forward p/e ratio. The company pays shareholders $2.76 per share annually in dividends, yielding 1.98%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $2.37 per share, which would be $0.18 better than the year-ago quarter and a $0.06 sequential increase. What we find to be interesting is that the full-year EPS estimate of $9.05 is a $1.22 better 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. Recently, Drexel Hamilton downgraded GD from Buy to Hold (Jul 30, 2015). Previously, JP Morgan Initiated GD at to Overweight. With the above information in mind, readers should note that the average price target is $166.75, which is 19.47% above where the stock opened this morning. See more in (NYSE:GD) Similar Articles: Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Christens First ECO Tanker for American Petroleum Tankers Market Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Begins Construction on Second Expeditionary Base Mobile Ship Stock Update: General Dynamics Corp (NYSE:GD) – General Dynamics NASSCO Starts Construction on Second SEA-Vista Commercial Product Tanker
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