Textron Sets New 52-Week High at $41.15 (TXT)
Textron (NYSE:TXT) shares hit a new 52-week high during mid-day trading on Monday , American Banking News reports. The stock traded as high as $41.15 and last traded at $40.96, with a volume of 675,042 shares. The stock had previously closed at $40.18.
TXT has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Textron in a research note on Friday, May 23rd. They now have a $40.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Textron from $43.00 to $46.00 in a research note on Monday, May 12th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Textron in a research note on Friday, May 2nd. They now have a $40.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.15.
The stock has a 50-day moving average of $39.28 and a 200-day moving average of $37.05. The company has a market cap of $11.425 billion and a P/E ratio of 24.51.
Textron (NYSE:TXT) last announced its earnings results on Thursday, May 1st. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.38 by $0.02. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was down .3% on a year-over-year basis. On average, analysts predict that Textron will post $2.07 earnings per share for the current fiscal year.
Textron Inc is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide.
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