Textron (NYSE:TXT) Given New $95.00 Price Target at Susquehanna

Key Points

• Textron's price target increased: Investment analysts at Susquehanna raised Textron's price target from $90.00 to $95.00, suggesting a potential upside of 19.93% from the current stock price.
• Quarterly earnings performance: Textron reported earnings per share of $1.55 for the latest quarter, exceeding analysts' expectations of $1.45, along with a revenue of $3.72 billion, surpassing estimates of $3.64 billion.
• Mixed ratings from analysts: The company's stock holds a consensus rating of "Moderate Buy" with differing views from other analysts, including neutral, buy, and sell recommendations.

Textron (NYSE:TXT - Get Free Report) had its price target upped by investment analysts at Susquehanna from $90.00 to $95.00 in a report issued on Friday,Benzinga reports. The firm presently has a "positive" rating on the aerospace company's stock. Susquehanna's price objective indicates a potential upside of 19.93% from the stock's current price.

Other equities analysts also recently issued research reports about the company. The Goldman Sachs Group reiterated a "neutral" rating and issued a $85.00 target price (down previously from $95.00) on shares of Textron in a report on Tuesday, July 1st. Citigroup cut their price objective on Textron from $111.00 to $107.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Morgan Stanley increased their price objective on Textron from $71.00 to $86.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. UBS Group raised their target price on Textron from $62.00 to $63.00 and gave the company a "sell" rating in a report on Monday, April 28th. Finally, Jefferies Financial Group restated a "buy" rating and set a $95.00 target price (up from $85.00) on shares of Textron in a report on Thursday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $89.75.

Textron Stock Performance

Shares of NYSE TXT opened at $79.21 on Friday. The stock has a fifty day moving average price of $78.93 and a two-hundred day moving average price of $74.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.83 and a current ratio of 1.80. The firm has a market cap of $14.30 billion, a P/E ratio of 17.92, a PEG ratio of 1.42 and a beta of 1.17. Textron has a 1 year low of $57.70 and a 1 year high of $93.98.

Textron (NYSE:TXT - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The aerospace company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The firm had revenue of $3.72 billion during the quarter, compared to analyst estimates of $3.64 billion. Textron had a return on equity of 14.77% and a net margin of 5.98%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.54 EPS. Research analysts forecast that Textron will post 6.12 EPS for the current fiscal year.

Institutional Trading of Textron

Several institutional investors and hedge funds have recently made changes to their positions in the business. Moody National Bank Trust Division raised its position in shares of Textron by 1.2% during the 2nd quarter. Moody National Bank Trust Division now owns 12,139 shares of the aerospace company's stock valued at $975,000 after acquiring an additional 141 shares during the last quarter. Syon Capital LLC raised its position in shares of Textron by 4.5% during the 4th quarter. Syon Capital LLC now owns 3,538 shares of the aerospace company's stock valued at $271,000 after acquiring an additional 153 shares during the last quarter. Brooklyn Investment Group raised its position in shares of Textron by 10.3% during the 1st quarter. Brooklyn Investment Group now owns 1,665 shares of the aerospace company's stock valued at $120,000 after acquiring an additional 156 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Textron by 2.3% during the 2nd quarter. Fifth Third Bancorp now owns 7,063 shares of the aerospace company's stock valued at $567,000 after acquiring an additional 159 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its position in shares of Textron by 6.3% during the 4th quarter. Motley Fool Asset Management LLC now owns 2,732 shares of the aerospace company's stock valued at $209,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 86.03% of the company's stock.

About Textron

Textron Inc operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through six segments: Textron Aviation, Bell, Textron Systems, Industrial, Textron eAviation, and Finance. The Textron Aviation segment manufactures, sells, and services business jets, turboprop and piston engine aircraft, and military trainer and defense aircraft; and offers maintenance, inspection, and repair services, as well as sells commercial parts.

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