Cowen & Co. analyst Cai Rumohr maintained a Sell rating on Textron (NYSE:TXT) on Friday, setting a price target of $59, which is approximately 0.10% below the present share price of $59.06.
Rumohr expects Textron to post earnings per share (EPS) of $1.03 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Textron, with an average price target of $63.3.
The analysts price targets range from a high of $72 to a low of $49.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.67 billion and a net profit of $258 million. The company's market cap is $13.4 billion.
According to TipRanks.com, Cowen & Co. analyst Cai Rumohr is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.5% and a 64.12% success rate.
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. The Textron Aviation segment manufactures sells, and services Beechcraft and Cessna aircraft. The Bell segment supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts. The Textron Systems segment product lines consist of unmanned aircraft systems; land and marine systems; weapons and sensors; and a variety of defense and aviation mission support products and services. The Industrial segment designs and manufactures a variety of products under the Golf; Turf Care and Light Transportation Vehicles; Fuel Systems and Functional Components and Powered Tools; and Testing and Measurement Equipment product lines. The Finance segment consists of Textron Financial Corp. and its consolidated subsidiaries, which provides finances primarily to purchasers of new Cessna aircraft and Bell helicopters. The company founded by Royal Little in 1923 and is headquartered in Providence, RI.