Shares of Textron traded up 0.65% during mid-day trading on Monday, hitting $26.40. Textron has a 52 week low of $19.29 and a 52 week high of $29.18. The stock?s 50-day moving average is currently $24.21. The company has a market cap of $7.440 billion and a P/E ratio of 18.30.
Textron last posted its quarterly earnings results on Wednesday, October 17th. The company reported $0.48 earnings per share for the quarter, missing the analysts? consensus estimate of $0.51 by $0.03. Textron?s revenue was up 6.6% compared to the same quarter last year. Textron has set its FY12 guidance at $1.95-2.05 EPS. Analysts expect that Textron will post $2.04 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TXT. Analysts at Credit Suisse upgraded shares of Textron from a ?neutral? rating to an ?outperform? rating in a research note to investors on Friday. They now have a $59.00 price target on the stock, up previously from $26.00. Separately, analysts at Deutsche Bank reiterated a ?hold? rating on shares of Textron in a research note to investors on Wednesday, December 12th. They now have a $29.00 price target on the stock. Finally, analysts at Drexel Hamilton reiterated a ?buy? rating on shares of Textron in a research note to investors on Thursday, November 1st. They now have a $29.00 price target on the stock. Nine research analysts have rated the stock with a buy rating, and four have assigned a hold rating to the company. The company presently has an average rating of ?overweight? and a consensus target price of $30.10.
Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide.