2 weeks Ago By ABMN Staff
Textron Inc. ( NYSE:TXT – Get Free Report ) has been assigned an average rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company.
The average 12 month price target among brokers that have covered the stock in the last year is $101.50. Several equities research analysts have recently weighed in on TXT shares.
Morgan Stanley cut Textron from an “overweight” rating to an “equal weight” rating and set a $95.00 price target on the stock. in a research report on Thursday, August 8th.
StockNews.com cut shares of Textron from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 12th. Citigroup raised their price target on shares of Textron from $111.
00 to $115.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Bank of America upped their price target on shares of Textron from $105.
00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, UBS Group increased their price objective on Textron from $84.
00 to $87.00 and gave the stock a “sell” rating in a research report on Friday, July 19th. Read Our Latest Stock Analysis on TXT Institutional Investors Weigh In On Textron Textron Price Performance TXT opened at $87.
75 on Wednesday. The firm has a 50-day moving average price of $88.26 and a 200-day moving average price of $89.
17. Textron has a twelve month low of $74.13 and a twelve month high of $97.
33. The company has a quick ratio of 0.81, a current ratio of 1.
79 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $16.
44 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 1.38 and a beta of 1.
23. Textron ( NYSE:TXT – Get Free Report ) last released its quarterly earnings data on Thursday, July 18th. The aerospace company reported $1.
54 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.06.
The business had revenue of $3.53 billion during the quarter, compared to analyst estimates of $3.56 billion.
Textron had a net margin of 6.67% and a return on equity of 16.41%.
Textron’s revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.
46 EPS. Equities analysts expect that Textron will post 6.26 EPS for the current year.
Textron Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.02 dividend.
The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.08 dividend on an annualized basis and a yield of 0.
09%. Textron’s dividend payout ratio is presently 1.71%.
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.
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