Textron (TXT) Receiving Somewhat Positive Press Coverage, Report Finds
News coverage about Textron (NYSE:TXT) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Textron earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media coverage about the aerospace company an impact score of 46.3932168335582 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- PPG Awarded Heated Windshield Contract for Bell 525 (aviationpros.com)
- Report: Textron Aviation ends production of TTx (bizjournals.com)
- General aviation aircraft deliveries rose globally in 2017 (finance.yahoo.com)
- Company that trains military pilots to enter Fort Worth Alliance Airport, hire up to 200 (finance.yahoo.com)
- Q1 2018 EPS Estimates for Textron Inc. (TXT) Reduced by Analyst (americanbankingnews.com)
A number of analysts have commented on TXT shares. Zacks Investment Research upgraded shares of Textron from a “sell” rating to a “hold” rating in a research note on Wednesday, November 1st. Cowen reiterated a “buy” rating and issued a $60.00 price target on shares of Textron in a research note on Tuesday, November 14th. ValuEngine upgraded shares of Textron from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Stephens set a $65.00 target price on shares of Textron and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, Wells Fargo & Co restated an “outperform” rating and set a $67.00 target price (up previously from $59.00) on shares of Textron in a research note on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $60.50.
Textron (NYSE:TXT) last issued its quarterly earnings data on Wednesday, January 31st. The aerospace company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.77 by ($0.03). Textron had a return on equity of 11.58% and a net margin of 2.16%. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $4.06 billion. During the same quarter last year, the firm earned $0.80 EPS. Textron’s revenue for the quarter was up 5.0% compared to the same quarter last year. equities analysts anticipate that Textron will post 3.06 EPS for the current fiscal year.
TRADEMARK VIOLATION WARNING: “Textron (TXT) Receiving Somewhat Positive Press Coverage, Report Finds” was reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.dailypolitical.com/2018/02/21/textron-txt-receiving-somewhat-positive-press-coverage-report-finds.html.
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.
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.