Textron (NYSE:TXT) has been given a $65.00 target price by analysts at Stephens in a report issued on Thursday. The firm currently has a “hold” rating on the aerospace company’s stock. Stephens’ price target suggests a potential upside of 8.06% from the company’s current price.
TXT has been the subject of a number of other research reports. Zacks Investment Research cut shares of Textron from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Wells Fargo & Co raised their price target on shares of Textron from $54.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Jefferies Group reaffirmed a “buy” rating and issued a $60.00 price target on shares of Textron in a report on Tuesday, September 26th. Credit Suisse Group decreased their price target on shares of Textron from $61.00 to $59.00 and set an “outperform” rating for the company in a report on Friday, October 20th. Finally, Citigroup raised their price target on shares of Textron from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $58.91.
Shares of Textron (NYSE:TXT) opened at $60.15 on Thursday. The firm has a market cap of $15,840.00, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 2.37 and a beta of 1.57. Textron has a one year low of $43.66 and a one year high of $60.19. The company has a quick ratio of 0.96, a current ratio of 2.08 and a debt-to-equity ratio of 0.67.
Several hedge funds and other institutional investors have recently bought and sold shares of TXT. Steward Partners Investment Advisory LLC purchased a new position in shares of Textron during the third quarter worth $110,000. Invictus RG purchased a new position in shares of Textron during the third quarter worth $115,000. Commerzbank Aktiengesellschaft FI purchased a new position in shares of Textron during the third quarter worth $201,000. BB&T Securities LLC purchased a new position in shares of Textron during the third quarter worth $203,000. Finally, Franklin Street Advisors Inc. NC purchased a new position in shares of Textron during the fourth quarter worth $207,000. 81.91% of the stock is owned by institutional investors and hedge funds.
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Textron Company Profile
Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services across the world. The Company operates through five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. The Textron Aviation segment is engaged in general aviation.
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