Textron Inc. (NYSE:TXT – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $95.63.
Several analysts have issued reports on the stock. UBS Group upped their price target on shares of Textron from $77.00 to $81.00 and gave the company a “sell” rating in a report on Friday, January 26th. Citigroup boosted their price objective on shares of Textron from $104.00 to $111.00 and gave the company a “buy” rating in a research report on Thursday, April 4th. Susquehanna cut their price objective on shares of Textron from $110.00 to $105.00 and set a “positive” rating for the company in a research report on Friday, April 26th. StockNews.com lowered shares of Textron from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group boosted their price objective on shares of Textron from $103.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th.
Institutional Inflows and Outflows
Textron Trading Down 2.1 %
NYSE TXT opened at $84.58 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.84 and a current ratio of 1.81. The firm has a market cap of $16.13 billion, a PE ratio of 18.07, a P/E/G ratio of 1.36 and a beta of 1.30. Textron has a one year low of $61.27 and a one year high of $97.33. The firm’s fifty day moving average is $92.12 and its two-hundred day moving average is $83.98.
Textron (NYSE:TXT – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.08). Textron had a return on equity of 16.30% and a net margin of 6.75%. The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.29 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue was up 3.7% compared to the same quarter last year. Analysts expect that Textron will post 6.29 earnings per share for the current year.
Textron Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be paid a $0.02 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.08 annualized dividend and a dividend yield of 0.09%. Textron’s dividend payout ratio (DPR) is presently 1.71%.
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.
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