Textron (NYSE:TXT) has been given a $65.00 target price by equities researchers at Stephens in a research note issued on Thursday. The brokerage currently has a “hold” rating on the aerospace company’s stock. Stephens’ target price points to a potential upside of 10.00% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. ValuEngine lowered shares of Textron from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Cowen restated a “buy” rating and issued a $60.00 target price on shares of Textron in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Textron from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Credit Suisse Group lowered their target price on shares of Textron from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Friday, October 20th. Finally, Citigroup upped their target price 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 investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Textron presently has a consensus rating of “Hold” and a consensus price target of $58.91.

Textron (NYSE:TXT) traded up $0.69 during mid-day trading on Thursday, hitting $59.09. 1,047,600 shares of the stock were exchanged, compared to its average volume of 1,192,850. The company has a market cap of $15,570.00, a PE ratio of 25.47, a PEG ratio of 2.37 and a beta of 1.57. 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 has a one year low of $43.66 and a one year high of $59.12.

Textron (NYSE:TXT) last released its quarterly earnings data on Thursday, October 19th. The aerospace company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Textron had a net margin of 4.48% and a return on equity of 12.02%. The company had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue was up 7.2% on a year-over-year basis. research analysts forecast that Textron will post 2.47 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Rhumbline Advisers increased its stake in shares of Textron by 0.6% during the 3rd quarter. Rhumbline Advisers now owns 416,185 shares of the aerospace company’s stock worth $22,424,000 after purchasing an additional 2,391 shares during the last quarter. First Trust Advisors LP increased its stake in shares of Textron by 1.0% during the 3rd quarter. First Trust Advisors LP now owns 904,301 shares of the aerospace company’s stock worth $48,724,000 after purchasing an additional 9,022 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Textron by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,604,911 shares of the aerospace company’s stock worth $194,233,000 after purchasing an additional 32,525 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of Textron by 20.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 22,472 shares of the aerospace company’s stock worth $1,058,000 after purchasing an additional 3,776 shares during the last quarter. Finally, Regentatlantic Capital LLC increased its stake in shares of Textron by 10.7% during the 3rd quarter. Regentatlantic Capital LLC now owns 95,060 shares of the aerospace company’s stock worth $5,122,000 after purchasing an additional 9,155 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

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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.

Analyst Recommendations for Textron (NYSE:TXT)

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