#3 - General Dynamics (NYSE:GD)
General Dynamics Corp. (NYSE: GD) is one of the aerospace and defense companies that’s been least affected by the current debate over the defense budget. Even though earnings have missed analysts’ estimates by a few cents in the last two quarters, General Dynamics is still posting higher year-over-year numbers on the top and bottom lines.
The stock price has increased over 38% in the last 12 months, and the total return for GD stock has been over 42% in that time. That makes it one of the market’s best-performing stocks. Over the last five years, GD has had an impressive 85.99% total return.
Despite all that growth, investors can still buy General Dynamics for about 20x forward earnings, which is an attractive valuation, even if they may be paying a slight premium for the stock.
That seems to be the sentiment of analysts who continue to bid GD stock higher. On June 26, 2024, an analyst from BTIG Research initiated coverage with a Buy rating and a $345 price target.
About General Dynamics
General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.
Read More - Current Price
- $263.64
- Consensus Rating
- Hold
- Ratings Breakdown
- 9 Buy Ratings, 9 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $314.88 (19.4% Upside)
