Economy

Textron Inc. (TXT) Issues FY17 Earnings Guidance

Therefore 69% are positive. Over the course of the previous year TXT has set a 52-week high of $55.80 while the corresponding low set was $37.19. They now have a Dollars 54 price target on the stock. Textron's dividend payout ratio is presently 2.45%. The company was upgraded on Wednesday, December 16 by JP Morgan. The stock of Textron Inc. (NYSE:TXT) might see muted action given an ABR of 2.7 or Hold rating. The rating was maintained by Credit Suisse on Wednesday, April 12 with "Buy".

01/28/2016 - Textron Inc. had its "outperform" rating reiterated by analysts at RBC Capital. Finally, Cowen and Company reissued a buy rating and issued a $60.00 price target on shares of Textron in a report on Thursday. The rating was maintained by Jefferies with "Buy" on Friday, June 23.

TXT has been the topic of several recent research reports. On Tuesday, December 27 the stock rating was maintained by Laidlaw with "Buy". (NASDAQ:WRLD) earned "Sell" rating by Jefferies on Thursday, September 7. It is negative, as 44 investors sold Textron Inc. shares while 132 reduced holdings. (C)'s stock rose 1.55%. They expect $1.76 earnings per share, 0.00% or $0.00 from last year's $1.76 per share. Currently, 897 million total shares are owned by the public and among those 880.95 million shares have been available to trade. It has outperformed by 2.25% the S&P500.

Investors sentiment decreased to 0.84 in 2017 Q2. Its the same as in 2017Q1. (NYSE:TXT) opened at 53.57 on Thursday. Tcw Gp invested in 2.93M shares. Drexel Hamilton upgraded Textron Inc. (NYSE:TXT). Qs Investors Ltd Liability Corp holds 0% or 3,387 shares in its portfolio. 100,000 shares traded per day would be a minimum for most traders and some require 1,000,000. Caxton Assoc Limited Partnership invested in 70,000 shares or 0.02% of the stock. Homrich & Berg stated it has 3,136 shares or 0.02% of all its holdings. Walleye Trading Ltd Company invested 0% of its portfolio in Textron Inc. Considering that the stock daily volume of 4.17 million shares, this represents a pretty noteworthy shoot in volume. The Netherlands-based Ing Groep Nv has invested 0.01% in Textron Inc. It also reduced Stericycle Inc (NASDAQ:SRCL) stake by 45,798 shares and now owns 20,556 shares.

Among 39 analysts covering Coach Inc. Therefore 75% are positive.

TXT has been the topic of a number of research analyst reports.

01/19/2017 - Textron Inc. had its "outperform" rating reiterated by analysts at Robert W. Baird. Stifel Nicolaus downgraded Citigroup Inc (NYSE:C) on Monday, October 9 to "Hold" rating.

01/26/2017 - Textron Inc. had its "outperform" rating reiterated by analysts at Credit Suisse. The rating was maintained by Oppenheimer on Thursday, July 20 with "Buy".

WARNING: "Textron Inc. (NYSE:TXT) Position Lowered by Voya Investment Management LLC" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. The stock decreased 0.80% or $0.43 during the last trading session, reaching $53.1. NYSE:TXT Past Future Earnings Oct 19th 17 Is the growth built on solid basis?

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 stock's market capitalization is 13.96B. The Firm operates through five divisions: Textron Aviation, Bell, Textron Systems, Industrial and Finance. It has a 309.04 P/E ratio.

Textron Aviation continues to face a tough pricing environment, strong dollar and lower demand for its King Air turboprops.

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