In a report released today, Cai Rumohr from Cowen & Co. maintained a Buy rating on Textron Inc (TXT), with a price target of $70. The company’s shares closed on Friday at $51.22, close to its 52-week low of $50.62.
According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 11.3% and a 57.4% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as American Outdoor Brands Corp, General Dynamics Corp, and L3 Technologies Inc.
Textron Inc has an analyst consensus of Strong Buy, with a price target consensus of $70.80, a 38.2% upside from current levels. In a report issued on November 30, Jefferies also maintained a Buy rating on the stock with a $68 price target.
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Based on Textron Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.2 billion and net profit of $563 million. In comparison, last year the company earned revenue of $3.48 billion and had a net profit of $159 million.
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Textron, Inc. is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance.
