Cowen reiterated their buy rating on shares of Textron (NYSE:TXT) in a research report report published on Tuesday, AnalystRatings.com reports. They currently have a $53.00 price target on the aerospace company’s stock.

TXT has been the topic of a number of other research reports. TheStreet cut shares of Textron from a b- rating to a c+ rating in a research note on Monday, December 9th. Robert W. Baird reduced their price target on shares of Textron from $64.00 to $58.00 and set an outperform rating on the stock in a report on Friday, October 18th. JPMorgan Chase & Co. reduced their price target on shares of Textron from $56.00 to $52.00 and set an overweight rating on the stock in a report on Wednesday, December 18th. Bank of America downgraded shares of Textron from a buy rating to a neutral rating in a report on Tuesday, October 22nd. Finally, Barclays reiterated a buy rating and issued a $57.00 price target on shares of Textron in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $53.13.

TXT opened at $48.08 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.78 and a current ratio of 1.84. Textron has a fifty-two week low of $42.30 and a fifty-two week high of $58.00. The firm’s fifty day moving average is $46.24 and its 200 day moving average is $46.66. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 1.48 and a beta of 1.72.

Textron (NYSE:TXT) last released its earnings results on Wednesday, January 29th. The aerospace company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.03. Textron had a net margin of 5.98% and a return on equity of 16.16%. The company had revenue of $4.04 billion for the quarter, compared to analysts’ expectations of $3.94 billion. During the same quarter in the previous year, the company earned $1.15 EPS. Textron’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities research analysts predict that Textron will post 3.57 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in TXT. Covington Capital Management increased its holdings in shares of Textron by 130.2% in the 3rd quarter. Covington Capital Management now owns 845 shares of the aerospace company’s stock worth $41,000 after buying an additional 478 shares during the last quarter. Quest Capital Management Inc. ADV bought a new stake in shares of Textron in the 3rd quarter worth about $52,000. CSat Investment Advisory L.P. increased its holdings in shares of Textron by 25.4% in the 4th quarter. CSat Investment Advisory L.P. now owns 1,229 shares of the aerospace company’s stock worth $55,000 after buying an additional 249 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of Textron by 111.1% in the 3rd quarter. NEXT Financial Group Inc now owns 1,290 shares of the aerospace company’s stock worth $63,000 after buying an additional 679 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Textron by 23.6% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 1,805 shares of the aerospace company’s stock worth $88,000 after buying an additional 345 shares during the last quarter. Institutional investors own 84.43% of the company’s stock.

About Textron

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. The company's Textron Aviation segment manufactures and sells business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and commercial parts, as well as provides maintenance, inspection, and repair services.

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Analyst Recommendations for Textron (NYSE:TXT)

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