Summary:
- General Dynamics (GD, Financial) secures a significant $1.85 billion contract modification for Virginia-class submarines.
- Wall Street projects a moderate upside for GD, with price estimates between $239 and $330.
- GuruFocus values GD at $313.06, indicating a potential 7.44% increase.
General Dynamics Secures Major Contract
General Dynamics (NYSE: GD) has been awarded a substantial $1.85 billion contract modification by the U.S. Navy. This strategic agreement is designed to support the procurement of materials and initiate the construction of Virginia-class Block VI submarines, a project scheduled for completion by September 2035. The Naval Sea Systems Command, situated in Washington, D.C., is responsible for overseeing this important endeavor.
Wall Street Analysts Forecast
According to projections from 16 financial analysts, the average one-year price target for General Dynamics Corp (GD, Financial) is $293.48. Estimates vary, with a high of $330.00 and a low of $239.00. This average target suggests a slight upside of 0.72% from the current trading price of $291.39. For more comprehensive estimates, visit the General Dynamics Corp (GD) Forecast page.
In terms of brokerage recommendations, 24 firms collectively suggest an average recommendation score of 2.5 for General Dynamics Corp (GD, Financial), which translates to an "Outperform" rating. This scale ranges from 1, indicating a Strong Buy, to 5, signaling a Sell.
GuruFocus Valuation Insight
Leveraging GuruFocus' proprietary metrics, the estimated GF Value for General Dynamics Corp (GD, Financial) in the coming year is $313.06. This represents a potential upside of 7.44% from the current market price of $291.39. The GF Value is an assessment of the stock's fair trading value, derived from historical trading multiples, past business growth, and future performance forecasts. Further detailed analysis can be accessed on the General Dynamics Corp (GD) Summary page.
