Textron Inc. (NYSE:TXT)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Group in a report released on Thursday, Analyst Ratings.Net reports.

Textron (NYSE:TXT) opened at 34.22 on Thursday. The company has a market cap of $9.47 billion and a price-to-earnings ratio of 13.71. Textron has a 52-week low of $32.20 and a 52-week high of $46.93. The stock’s 50 day moving average is $39.48 and its 200 day moving average is $40.72.

Textron (NYSE:TXT) last posted its quarterly earnings results on Wednesday, January 27th. The company reported $0.81 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.83 by $0.02. During the same quarter in the prior year, the company earned $0.76 EPS. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $4.23 billion. Textron’s quarterly revenue was down 4.2% on a year-over-year basis. Equities research analysts forecast that Textron will post $2.74 earnings per share for the current year.

A number of other research firms also recently weighed in on TXT. Credit Suisse lifted their price target on shares of Textron from $47.00 to $50.00 and gave the stock an “outperform” rating in a research note on Monday, December 14th. Vetr raised Textron from a “buy” rating to a “strong-buy” rating and set a $49.82 price objective for the company in a report on Tuesday, December 29th. Cowen and Company reissued an “outperform” rating and set a $53.00 price objective (up from $52.00) on shares of Textron in a report on Thursday, December 10th. Zacks Investment Research cut Textron from a “hold” rating to a “sell” rating in a report on Wednesday, October 14th. Finally, Barclays cut their price objective on Textron from $56.00 to $54.00 and set an “overweight” rating for the company in a report on Wednesday, October 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Textron has an average rating of “Buy” and an average price target of $49.58.

A number of hedge funds have recently made changes to their positions in TXT. Centre Asset Management boosted its stake in shares of Textron by 45.9% in the fourth quarter. Centre Asset Management now owns 263,500 shares of the company’s stock valued at $11,070,000 after buying an additional 82,860 shares in the last quarter. Janus Capital Management boosted its stake in shares of Textron by 675.8% in the third quarter. Janus Capital Management now owns 425,438 shares of the company’s stock valued at $16,013,000 after buying an additional 370,599 shares in the last quarter. Quantitative Systematic Strategies purchased a new stake in shares of Textron during the fourth quarter valued at $530,000. CIBC World Markets boosted its stake in shares of Textron by 63.0% in the fourth quarter. CIBC World Markets now owns 10,711 shares of the company’s stock valued at $450,000 after buying an additional 4,138 shares in the last quarter. Finally, Capstone Asset Management Company purchased a new stake in shares of Textron during the fourth quarter valued at $624,000.

Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems’ product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.

12 Month Chart for NYSE:TXT

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