Textron (NYSE:TXT) Price Target Lowered to $95.00 at Barclays

Textron (NYSE:TXT - Get Free Report) had its price target lowered by equities researchers at Barclays from $104.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the aerospace company's stock. Barclays's price target would suggest a potential upside of 25.56% from the company's previous close.

Several other equities research analysts have also commented on the stock. UBS Group reduced their price target on shares of Textron from $87.00 to $79.00 and set a "sell" rating for the company in a report on Friday, October 25th. TD Cowen upgraded shares of Textron to a "hold" rating in a research note on Thursday. Robert W. Baird decreased their price target on shares of Textron from $109.00 to $100.00 and set an "outperform" rating for the company in a report on Friday, October 25th. StockNews.com cut shares of Textron from a "strong-buy" rating to a "buy" rating in a research note on Thursday, September 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Textron from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $100.90.

Textron Trading Down 1.5 %

NYSE TXT traded down $1.19 during trading hours on Monday, hitting $75.66. 175,978 shares of the company were exchanged, compared to its average volume of 1,092,824. Textron has a 52 week low of $75.36 and a 52 week high of $97.33. The stock has a market cap of $14.04 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The company has a quick ratio of 0.82, a current ratio of 1.83 and a debt-to-equity ratio of 0.46. The stock has a 50-day moving average price of $84.12 and a 200 day moving average price of $86.43.

Textron (NYSE:TXT - Get Free Report) last released its earnings results on Thursday, October 24th. The aerospace company reported $1.40 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The business had revenue of $3.43 billion during the quarter, compared to analysts' expectations of $3.50 billion. During the same quarter in the previous year, the business earned $1.49 EPS. The business's revenue for the quarter was up 2.5% on a year-over-year basis. Analysts forecast that Textron will post 5.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Textron during the second quarter worth about $25,000. True Wealth Design LLC acquired a new stake in shares of Textron in the 3rd quarter worth about $26,000. Capital Performance Advisors LLP bought a new stake in Textron in the 3rd quarter valued at about $42,000. Truvestments Capital LLC bought a new position in Textron in the 3rd quarter worth about $43,000. Finally, Venturi Wealth Management LLC raised its holdings 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 valued at $50,000 after buying an additional 232 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company's stock.

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.