Textron (NYSE:TXT) Upgraded by Vertical Research to Buy Rating

Textron (NYSE:TXT - Get Free Report) was upgraded by stock analysts at Vertical Research from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $91.00 price target on the aerospace company's stock. Vertical Research's price target indicates a potential upside of 20.77% from the company's current price.

A number of other equities research analysts have also issued reports on the stock. Barclays cut their target price on shares of Textron from $104.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, December 23rd. TD Cowen upgraded Textron to a "hold" rating in a research report on Thursday, December 19th. JPMorgan Chase & Co. dropped their price target on Textron from $100.00 to $95.00 and set a "neutral" rating on the stock in a research report on Monday, October 14th. StockNews.com lowered shares of Textron from a "strong-buy" rating to a "buy" rating in a research note on Thursday, September 12th. Finally, Robert W. Baird reduced their price target on shares of Textron from $109.00 to $100.00 and set an "outperform" rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $100.00.

Textron Stock Down 0.5 %

Shares of NYSE:TXT traded down $0.38 during trading on Monday, hitting $75.35. The company's stock had a trading volume of 1,684,273 shares, compared to its average volume of 1,352,056. The company has a market capitalization of $13.98 billion, a PE ratio of 16.56, a PEG ratio of 1.46 and a beta of 1.27. Textron has a fifty-two week low of $75.09 and a fifty-two week high of $97.33. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83. The stock's 50-day moving average price is $81.85 and its two-hundred day moving average price is $85.71.

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

Institutional Investors Weigh In On Textron

Hedge funds and other institutional investors have recently modified their holdings of the stock. Central Pacific Bank Trust Division increased its stake in Textron by 4.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 24,200 shares of the aerospace company's stock valued at $1,851,000 after buying an additional 1,000 shares during the period. Franklin Resources Inc. increased its stake in shares of Textron by 10.3% during the third quarter. Franklin Resources Inc. now owns 164,029 shares of the aerospace company's stock valued at $14,505,000 after acquiring an additional 15,294 shares during the period. Neo Ivy Capital Management bought a new stake in Textron during the third quarter worth approximately $122,000. M&T Bank Corp lifted its position in Textron by 2.3% in the third quarter. M&T Bank Corp now owns 17,101 shares of the aerospace company's stock worth $1,514,000 after purchasing an additional 382 shares during the period. Finally, Groupama Asset Managment bought a new position in Textron during the 3rd quarter valued at $742,000. 86.03% of the stock is currently owned by institutional investors.

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.