Textron (NYSE:TXT) has been assigned a $65.00 price target by research analysts at Stephens in a research report issued on Thursday. The brokerage presently has a “hold” rating on the aerospace company’s stock. Stephens’ price objective suggests a potential upside of 8.06% from the stock’s previous close.

TXT has been the topic of several other reports. Zacks Investment Research downgraded Textron from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Wells Fargo & Co raised their price objective on Textron from $54.00 to $59.00 and gave the stock an “outperform” rating in a report on Friday, October 20th. Jefferies Group restated a “buy” rating and set a $60.00 price objective on shares of Textron in a report on Tuesday, September 26th. Credit Suisse Group reduced their price objective on Textron from $61.00 to $59.00 and set an “outperform” rating on the stock in a report on Friday, October 20th. Finally, Citigroup raised their price objective on Textron from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Friday, October 20th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. Textron presently has an average rating of “Hold” and an average price target of $58.91.

Shares of Textron (TXT) traded up $1.06 during midday trading on Thursday, hitting $60.15. The stock had a trading volume of 1,213,732 shares, compared to its average volume of 1,088,336. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.96 and a current ratio of 2.08. Textron has a 12-month low of $43.66 and a 12-month high of $60.19. The stock has a market capitalization of $15,565.51, a P/E ratio of 25.93, a price-to-earnings-growth ratio of 2.40 and a beta of 1.57.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Street Advisors Inc. NC bought a new stake in Textron during the 4th quarter valued at $207,000. Parametric Portfolio Associates LLC boosted its position in Textron by 20.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 575,945 shares of the aerospace company’s stock valued at $31,032,000 after acquiring an additional 99,183 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in Textron during the 3rd quarter valued at $110,000. IFM Investors Pty Ltd bought a new stake in Textron during the 3rd quarter valued at $501,000. Finally, Neuberger Berman Group LLC boosted its position in Textron by 13.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,886,812 shares of the aerospace company’s stock valued at $263,302,000 after acquiring an additional 563,037 shares in the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “Textron (TXT) PT Set at $65.00 by Stephens” was published by American Banking News and is owned by of American Banking News. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/01/13/textron-txt-pt-set-at-65-00-by-stephens.html.

About Textron

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)

Receive News & Ratings for Textron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textron and related companies with MarketBeat.com's FREE daily email newsletter.