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

Textron Inc. (NYSE:TXT - Get Free Report) has been given an average rating of "Hold" by the eleven research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $93.45.

A number of analysts have recently commented on the company. TD Cowen raised Textron to a "hold" rating in a research note on Monday. Barclays lowered their target price on shares of Textron from $104.00 to $95.00 and set an "overweight" rating for the company in a research note on Monday, December 23rd. Citigroup reduced their price target on shares of Textron from $118.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, January 21st. Morgan Stanley decreased their target price on Textron from $86.00 to $82.00 and set an "equal weight" rating for the company in a research note on Thursday, January 23rd. Finally, Bank of America lowered Textron from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $110.00 to $85.00 in a research report on Friday, January 24th.

Textron Trading Up 0.8 %

Textron stock traded up $0.58 during trading hours on Friday, reaching $73.11. 289,926 shares of the company's stock traded hands, compared to its average volume of 1,318,120. Textron has a fifty-two week low of $71.67 and a fifty-two week high of $97.33. The firm's 50 day moving average is $76.03 and its 200-day moving average is $82.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.84 and a current ratio of 1.76. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.18 and a beta of 1.27.

Textron (NYSE:TXT - Get Free Report) last announced 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. The firm had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.78 billion. Textron had a net margin of 6.01% and a return on equity of 14.92%. The business's revenue for the quarter was down 7.2% on a year-over-year basis. During the same period last year, the firm earned $1.60 earnings per share. On average, analysts predict that Textron will post 6.12 earnings per share for the current year.

Institutional Investors Weigh In On Textron

Several hedge funds have recently bought and sold shares of TXT. True Wealth Design LLC acquired a new stake in shares of Textron in the third quarter valued at approximately $26,000. SBI Securities Co. Ltd. acquired a new stake in Textron during the fourth quarter worth approximately $31,000. Capital Performance Advisors LLP bought a new stake in Textron in the 3rd quarter valued at $42,000. Truvestments Capital LLC acquired a new position in shares of Textron in the third quarter valued at about $43,000. Finally, Eastern Bank bought a new position in shares of Textron during the fourth quarter worth approximately $42,000. 86.03% of the stock is currently owned by institutional investors and hedge funds.

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.