Analysts are Revising Prices Targets of These 5 Stocks After Earnings

Page 1 of 5

In this article, we discuss the 5 stocks that received updated price-targets from analysts after their recent earnings. If you want to see some more stocks on the list, go directly to Analysts are Revising Prices Targets of These 10 Stocks After Earnings.

5. General Dynamics Corporation (NYSE:GD)

Number of Hedge Fund Holders: 42

RBC Capital lifted its price target for General Dynamics Corporation (NYSE:GD) from $270 per share to $275 per on Thursday, October 27. The research firm was moved by the aerospace company’s Q3 results, particularly by the solid performance of its aerospace segment.

The price-target hike came a day after General Dynamics Corporation (NYSE:GD) posted better-than-expected results for the third quarter. The Virginia-based company reported earnings of $3.26 per share, up from $3.07 per share in the year-ago period and above expectations of $3.15 per share.

Revenue for the quarter rose 4.3 percent versus last year to $10 billion, beating the consensus of $9.92 billion. General Dynamics Corporation (NYSE:GD) also released its segment-wise sales results.

Revenue from its aerospace unit climbed 13.6 percent to $2.35 billion, while revenue from the marine systems unit increased 5 percent to $2.77 billion in the quarter.

Page 1 of 5