Several brokerages have updated their recommendations and price targets on shares of Textron (NYSE: TXT) in the last few weeks:

  • 8/5/2017 – Textron was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/25/2017 – Textron was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/22/2017 – Textron had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $54.00 price target on the stock, up previously from $52.00.
  • 7/21/2017 – Textron was downgraded by analysts at Bank of America Corporation from a “buy” rating to an “underperform” rating. They now have a $45.00 price target on the stock, down previously from $53.00.
  • 7/20/2017 – Textron had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $55.00 price target on the stock, up previously from $50.00.
  • 7/18/2017 – Textron was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Textron’s geographically diverse network of businesses negates any specific business risk. Its systematic inorganic growth strategy, along with its focus on strengthening international presence, will improve its growth trajectory. Textron’s latest acquisition of Arctic Cat has boosted its position in the power-sports segment as well as utility vehicle market, courtesy of Arctic Cat’s established dealer network. Going forward, management expects Arctic Cat to contribute $400-$500 million of sales for the company in 2017. In terms of new product offerings, the company began delivering on its new ELiTE series lithium golf cars recently. However, Textron’s Bell continues to be a drag on the company’s overall top-line performance.”
  • 7/12/2017 – Textron was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/27/2017 – Textron was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Textron’s Bell continues to be a drag on the company’s overall top-line performance. Weakness in the global commercial helicopter market will affect segment revenues in 2017. Global political uncertainties and intensifying competition are added concerns. Moreover, the company’s performance is likely to be affected owing to the existence of a tepid economy. Textron’s share price underperformed the Zacks categorized Aerospace/Defense industry. However, its geographically diverse network of businesses negates any specific business risk. Its systematic inorganic growth strategy, along with its focus on strengthening international presence, will improve its growth trajectory.”
  • 6/27/2017 – Textron was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.

Shares of Textron Inc. (NYSE:TXT) traded down 1.81% on Thursday, reaching $48.24. The company’s stock had a trading volume of 1,172,572 shares. The stock has a market capitalization of $12.77 billion, a PE ratio of 14.75 and a beta of 1.56. The stock has a 50-day moving average of $48.28 and a 200 day moving average of $47.69. Textron Inc. has a 1-year low of $37.19 and a 1-year high of $50.93.

Textron (NYSE:TXT) last posted its quarterly earnings data on Wednesday, July 19th. The aerospace company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.05. Textron had a net margin of 6.45% and a return on equity of 11.97%. The firm had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.57 billion. During the same quarter last year, the business posted $0.66 EPS. The company’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts forecast that Textron Inc. will post $2.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date is Thursday, September 14th. Textron’s dividend payout ratio is 2.45%.

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.

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