News stories about Textron (NYSE:TXT) have been trending somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. 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 media sentiment score of 0.17 on Accern’s scale. Accern also gave news articles about the aerospace company an impact score of 45.9428796401612 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have issued reports on the company. ValuEngine downgraded Textron from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Cowen restated a “buy” rating and set a $60.00 price objective on shares of Textron in a research report on Thursday, October 19th. Stephens restated an “equal weight” rating and set a $63.00 price objective (up from $54.00) on shares of Textron in a research report on Friday, October 13th. Citigroup upped their price objective on Textron from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Friday, October 20th. Finally, Zacks Investment Research downgraded Textron from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $59.60.

Textron (TXT) traded down $0.56 on Tuesday, hitting $60.66. The stock had a trading volume of 261,598 shares, compared to its average volume of 1,180,521. The company has a market capitalization of $16,031.77, a PE ratio of 25.97, a price-to-earnings-growth ratio of 2.44 and a beta of 1.57. Textron has a 1 year low of $45.00 and a 1 year high of $62.19. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.96 and a current ratio of 2.08.

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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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