Textron Price Target Increased to $34.00 by Analysts at RBC Capital (TXT)
Textron (NYSE: TXT) had its price target upped by RBC Capital from $32.00 to $34.00 in a research report sent to investors on Wednesday morning. The firm currently has an outperform rating on the stock.
TXT has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a neutral rating on shares of Textron in a research note to investors on Wednesday, January 30th. They now have a $30.00 price target on the stock. Separately, analysts at Barclays Capital reiterated an overweight rating on shares of Textron in a research note to investors on Tuesday, January 15th. They now have a $31.00 price target on the stock. Finally, analysts at Credit Suisse upgraded shares of Textron from a neutral rating to an outperform rating in a research note to investors on Friday, January 4th. They now have a $59.00 price target on the stock, up previously from $26.00.
One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $34.43.
Textron (NYSE: TXT) opened at 30.71 on Wednesday. Textron has a 1-year low of $30.24 and a 1-year high of $31.30. The stock’s 50-day moving average is currently $30.9. The company has a market cap of $8.339 billion and a price-to-earnings ratio of 15.38.
The company also recently announced a quarterly dividend, which is scheduled for Monday, April 1st. Investors of record on Friday, March 15th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.26%. The ex-dividend date is Wednesday, March 13th.
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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