Textron (TXT) Given a $65.00 Price Target at Stephens

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.

Textron (NYSE:TXT) last announced its earnings results on Thursday, October 19th. The aerospace company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.55 billion. Textron had a net margin of 4.48% and a return on equity of 12.02%. Textron’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.61 earnings per share. equities research analysts anticipate that Textron will post 2.47 EPS for the current year.

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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