Textron Inc. (NYSE:TXT) Receives Average Recommendation of “Hold” from Analysts

Shares of Textron Inc. (NYSE:TXT) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $93.45.

TXT has been the topic of several research analyst reports. Citigroup decreased their price objective on shares of Textron from $118.00 to $111.00 and set a “buy” rating on the stock in a research note on Tuesday, January 21st. Bank of America cut Textron from a “buy” rating to a “neutral” rating and dropped their price target for the company from $110.00 to $85.00 in a report on Friday, January 24th. JPMorgan Chase & Co. reduced their price objective on Textron from $90.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Barclays lowered their target price on Textron from $104.00 to $95.00 and set an “overweight” rating for the company in a research note on Monday, December 23rd. Finally, Robert W. Baird reduced their price target on shares of Textron from $100.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, January 23rd.

Institutional Investors Weigh In On Textron

Institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC bought a new stake in shares of Textron in the 3rd quarter valued at about $26,000. Capital Performance Advisors LLP acquired a new position in Textron during the third quarter valued at approximately $42,000. Truvestments Capital LLC bought a new stake in Textron in the third quarter valued at approximately $43,000. Eastern Bank acquired a new stake in Textron in the fourth quarter worth $42,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Textron by 69.5% during the third quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock worth $50,000 after purchasing an additional 232 shares in the last quarter. 86.03% of the stock is owned by institutional investors.

Textron Trading Down 1.3 %

Shares of TXT opened at $75.48 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $14.00 billion, a PE ratio of 17.51, a PEG ratio of 1.25 and a beta of 1.27. Textron has a 1 year low of $74.12 and a 1 year high of $97.33. The stock has a 50 day simple moving average of $79.06 and a 200-day simple moving average of $84.29.

Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.07. Textron had a return on equity of 14.92% and a net margin of 6.01%. The company had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.78 billion. During the same period last year, the business earned $1.60 earnings per share. The business’s revenue was down 7.2% on a year-over-year basis. On average, sell-side analysts predict that Textron will post 6.1 EPS for the current fiscal year.

Textron Company Profile

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.