Cowen & Co. Sticks to Their Buy Rating for General Dynamics Corp

By Ryan Adsit

Cowen & Co. analyst Cai Rumohr maintained a Buy rating on General Dynamics Corp (NYSE: GD) today and set a price target of $253. The company’s shares opened today at $218.22.

According to TipRanks.com, Rumohr is a top 100 analyst with an average return of 16.5% and a 77.0% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, L3 Technologies Inc, and Spirit AeroSystems.

Currently, the analyst consensus on General Dynamics Corp is Moderate Buy and the average price target is $253.27, representing a 16.1% upside.

In a report issued on March 29, Barclays also initiated coverage with a Buy rating on the stock with a $282 price target.

Based on General Dynamics Corp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $8.28 billion and quarterly net profit of $636 million. In comparison, last year the company earned revenue of $7.44 billion and had a net profit of $763 million.

Based on the recent corporate insider activity of 143 insiders, corporate insider sentiment is negative on the stock. Last month, William Osborn, a Director at GD bought 4,580 shares for a total of $325,226.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

General Dynamics Corp. is an aerospace and defense company, which engages in the provision of tanks, rockets, missiles, submarines, warships, fighters and electronics to all of the military services. It is organized into four business groups: Aerospace, Combat Systems, Information Systems and Technology, and Marine Systems.