Textron (NYSE:TXT) Receiving Somewhat Positive News Coverage, Analysis Shows

Press coverage about Textron (NYSE:TXT) has trended somewhat positive on Monday, Accern reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Textron earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 46.2092679645394 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

Textron (NYSE TXT) traded up $0.19 during trading hours on Monday, reaching $59.09. 1,116,915 shares of the company were exchanged, compared to its average volume of 1,184,829. Textron has a 52 week low of $43.66 and a 52 week high of $60.54. The stock has a market capitalization of $15,450.00, a price-to-earnings ratio of 25.47, a PEG ratio of 2.36 and a beta of 1.57. The company has a current ratio of 2.08, a quick ratio of 0.96 and a debt-to-equity ratio of 0.67.

The company also recently announced a quarterly dividend, which was paid on Monday, January 1st. Shareholders of record on Friday, December 15th were issued a $0.02 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. Textron’s dividend payout ratio is presently 3.45%.

TXT has been the topic of several recent analyst reports. Wells Fargo & Co reaffirmed an “outperform” rating and set a $67.00 price objective (up from $59.00) on shares of Textron in a research note on Tuesday, January 16th. Cowen reaffirmed a “buy” rating and set a $70.00 price objective on shares of Textron in a research note on Monday, January 8th. Jefferies Group reaffirmed a “buy” rating and set a $60.00 price objective on shares of Textron in a research note on Tuesday, September 26th. ValuEngine lowered shares of Textron from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Textron from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $59.60.

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About Textron

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.

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