Textron Given Average Rating of “Hold” by Analysts (NYSE:TXT)
Textron (NYSE:TXT) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, AnalystRatingsNetwork reports. Six investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $43.73.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Textron in a research note on Thursday, July 17th. They now have a $43.00 price target on the stock, up previously from $42.00. Separately, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of Textron in a research note on Thursday, July 17th. Finally, analysts at RBC Capital raised their price target on shares of Textron from $42.00 to $44.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock.
Textron (NYSE:TXT) opened at 38.43 on Wednesday. Textron has a one year low of $26.17 and a one year high of $41.15. The stock’s 50-day moving average is $37. and its 200-day moving average is $38.66. The company has a market cap of $10.730 billion and a P/E ratio of 21.96.
Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.05. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the company posted $0.40 earnings per share. Textron’s revenue was up 23.5% compared to the same quarter last year. On average, analysts predict that Textron will post $2.11 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 12th will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.21%. The ex-dividend date of this dividend is Wednesday, September 10th.
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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