Textron Inc. (NYSE:TXT) Given Average Recommendation of “Hold” by Analysts

Textron Inc. (NYSE:TXTGet Free Report) has been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $87.50.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their target price on Textron from $84.00 to $85.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 20th. StockNews.com raised shares of Textron from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 25th. Citigroup increased their target price on shares of Textron from $102.00 to $104.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. UBS Group boosted their target price on Textron from $77.00 to $81.00 and gave the stock a “sell” rating in a report on Friday, January 26th. Finally, Morgan Stanley raised their target price on Textron from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, October 27th.

Get Our Latest Analysis on Textron

Textron Price Performance

Shares of TXT stock opened at $87.47 on Tuesday. The company has a market capitalization of $17.14 billion, a PE ratio of 19.14, a price-to-earnings-growth ratio of 1.17 and a beta of 1.29. Textron has a 12 month low of $61.27 and a 12 month high of $88.40. The firm’s 50-day moving average is $80.90 and its two-hundred day moving average is $78.38. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.77 and a quick ratio of 0.88.

Textron (NYSE:TXTGet Free Report) last announced its earnings results on Wednesday, January 24th. The aerospace company reported $1.60 earnings per share for the quarter, topping the consensus estimate of $1.53 by $0.07. Textron had a net margin of 6.73% and a return on equity of 16.05%. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.97 billion. During the same period in the prior year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. Analysts predict that Textron will post 6.33 earnings per share for the current year.

Hedge Funds Weigh In On Textron

A number of institutional investors and hedge funds have recently modified their holdings of TXT. CVA Family Office LLC bought a new position in Textron in the 4th quarter worth about $29,000. Money Concepts Capital Corp raised its position in Textron by 109.0% during the 4th quarter. Money Concepts Capital Corp now owns 443 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 231 shares during the last quarter. Trust Co. of Vermont bought a new stake in shares of Textron in the 3rd quarter worth approximately $37,000. Global Retirement Partners LLC increased its position in Textron by 393.9% during the 3rd quarter. Global Retirement Partners LLC now owns 489 shares of the aerospace company’s stock valued at $37,000 after purchasing an additional 390 shares during the period. Finally, Morton Brown Family Wealth LLC bought a new position in shares of Textron in the 4th quarter worth about $40,000. 85.92% of the stock is currently owned by institutional investors.

Textron Company Profile

(Get Free Report

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.

Featured Stories

Analyst Recommendations for Textron (NYSE:TXT)

Receive News & Ratings for Textron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textron and related companies with MarketBeat.com's FREE daily email newsletter.