Media coverage about Textron (NYSE:TXT) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Textron earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 46.116620591727 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
Shares of Textron (TXT) traded down $0.78 during trading on Friday, reaching $59.06. 1,745,292 shares of the company’s stock traded hands, compared to its average volume of 1,330,712. Textron has a twelve month low of $45.00 and a twelve month high of $62.19. The stock has a market capitalization of $15,763.08, a PE ratio of 51.81, a PEG ratio of 2.27 and a beta of 1.45. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.92 and a quick ratio of 0.96.
Textron (NYSE:TXT) last announced its quarterly earnings results on Wednesday, January 31st. The aerospace company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.03). Textron had a return on equity of 11.58% and a net margin of 2.16%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.06 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. research analysts forecast that Textron will post 3.09 earnings per share for the current fiscal year.
A number of brokerages have issued reports on TXT. Zacks Investment Research lowered shares of Textron from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. ValuEngine raised shares of Textron from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $67.00 target price (up from $59.00) on shares of Textron in a research report on Tuesday, January 16th. Cowen reaffirmed a “buy” rating and issued a $60.00 target price on shares of Textron in a research report on Thursday, October 19th. Finally, Stephens reissued an “equal weight” rating and set a $63.00 price target (up from $54.00) on shares of Textron in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $59.60.
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Textron Company Profile
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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