Textron (NYSE:TXT) Price Target Lowered to $90.00 at Susquehanna

Textron (NYSE:TXT) had its price target decreased by analysts at Susquehanna from $100.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “positive” rating on the aerospace company’s stock. Susquehanna’s price objective points to a potential upside of 18.39% from the company’s current price.

Other research analysts have also issued reports about the company. Vertical Research raised Textron from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a report on Monday. Barclays decreased their price target on shares of Textron from $104.00 to $95.00 and set an “overweight” rating on the stock in a research note on Monday, December 23rd. UBS Group dropped their price objective on shares of Textron from $87.00 to $79.00 and set a “sell” rating for the company in a research note on Friday, October 25th. Robert W. Baird decreased their target price on shares of Textron from $109.00 to $100.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com cut shares of Textron from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $98.64.

Textron Stock Performance

NYSE TXT opened at $76.02 on Wednesday. Textron has a 52-week low of $74.89 and a 52-week high of $97.33. The stock has a market cap of $14.10 billion, a PE ratio of 16.71, a P/E/G ratio of 1.46 and a beta of 1.27. The firm has a 50-day moving average of $81.52 and a 200-day moving average of $85.49. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.83.

Textron (NYSE:TXT) last issued its quarterly earnings data on Thursday, October 24th. The aerospace company reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.09). Textron had a return on equity of 16.02% and a net margin of 6.30%. The firm had revenue of $3.43 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The company’s revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Textron will post 5.52 EPS for the current year.

Institutional Investors Weigh In On Textron

A number of large investors have recently modified their holdings of TXT. True Wealth Design LLC bought a new stake in shares of Textron during the 3rd quarter worth $26,000. Capital Performance Advisors LLP bought a new position in shares of Textron in the third quarter worth about $42,000. Truvestments Capital LLC bought a new position in shares of Textron in the third quarter worth about $43,000. Venturi Wealth Management LLC boosted its stake in shares of Textron by 69.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 566 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 232 shares in the last quarter. Finally, Trust Co. of Vermont grew its holdings in shares of Textron by 94.7% during the 3rd quarter. Trust Co. of Vermont now owns 915 shares of the aerospace company’s stock valued at $81,000 after purchasing an additional 445 shares during the last quarter. Institutional investors and hedge funds own 86.03% of the company’s stock.

Textron Company Profile

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.