Textron Inc. (NYSE:TXT – Get Free Report) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $101.56.
Several equities research analysts recently issued reports on TXT shares. Morgan Stanley cut shares of Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 price objective for the company. in a research report on Thursday, August 8th. Robert W. Baird cut their price objective on shares of Textron from $109.00 to $100.00 and set an “outperform” rating for the company in a research report on Friday. TD Cowen cut shares of Textron from a “buy” rating to a “hold” rating and cut their price objective for the stock from $103.00 to $95.00 in a research report on Wednesday, September 25th. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 12th. Finally, UBS Group lowered their target price on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday.
Get Our Latest Research Report on TXT
Institutional Inflows and Outflows
Textron Trading Up 1.1 %
Shares of TXT stock opened at $82.35 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.81 and a debt-to-equity ratio of 0.47. Textron has a twelve month low of $74.13 and a twelve month high of $97.33. The company’s 50-day moving average price is $87.70 and its 200-day moving average price is $88.03. The stock has a market cap of $15.43 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.43 and a beta of 1.23.
Textron (NYSE:TXT – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.46 by ($0.06). Textron had a return on equity of 16.41% and a net margin of 6.67%. The firm had revenue of $3.43 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the business posted $1.49 earnings per share. Textron’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Textron will post 6.1 earnings per share for the current year.
Textron Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 1st. Stockholders of record on Friday, December 13th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.10%. The ex-dividend date of this dividend is Friday, December 13th. Textron’s payout ratio is 1.69%.
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.
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