Textron Inc. (NYSE:TXT – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $102.50.
Several brokerages recently commented on TXT. Citigroup boosted their price target on Textron from $111.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, July 22nd. TD Cowen boosted their target price on shares of Textron from $100.00 to $103.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. UBS Group raised their price target on shares of Textron from $84.00 to $87.00 and gave the company a “sell” rating in a report on Friday, July 19th. StockNews.com upgraded shares of Textron from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Morgan Stanley lowered Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 target price on the stock. in a report on Thursday, August 8th.
Get Our Latest Stock Report on Textron
Hedge Funds Weigh In On Textron
Textron Trading Down 1.7 %
Shares of NYSE:TXT opened at $85.73 on Friday. The firm has a fifty day moving average of $88.54 and a two-hundred day moving average of $89.28. The company has a quick ratio of 0.81, a current ratio of 1.79 and a debt-to-equity ratio of 0.47. Textron has a 12-month low of $74.13 and a 12-month high of $97.33. The firm has a market capitalization of $16.06 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23.
Textron (NYSE:TXT – Get Free Report) last announced its quarterly earnings data on Thursday, July 18th. The aerospace company reported $1.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.06. Textron had a return on equity of 16.41% and a net margin of 6.67%. The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.56 billion. During the same period last year, the company earned $1.46 earnings per share. Textron’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, equities analysts expect that Textron will post 6.27 EPS for the current fiscal year.
Textron Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s dividend payout ratio is 1.71%.
About Textron
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.
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