Textron Inc. [TXT] stock is trading at $87.60, down -0.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TXT shares have gain 2.79% over the last week, with a monthly amount glided 2.13%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Textron Inc. [NYSE: TXT] stock has seen the most recent analyst activity on October 11, 2023, when UBS initiated its Sell rating and assigned the stock a price target of $73. Previously, Citigroup started tracking the stock with Buy rating on July 06, 2023, and set its price target to $90. On May 24, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $70 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Bernstein initiated its recommendation with a Mkt Perform. Cowen upgraded its rating to Outperform for this stock on August 31, 2021, and upped its price target to $95. In a note dated June 29, 2021, Morgan Stanley upgraded an Overweight rating on this stock and boosted its target price from $49 to $87.
Textron Inc. [TXT] stock has fluctuated between $61.27 and $88.40 over the past year. Currently, Wall Street analysts expect the stock to reach $82.5 within the next 12 months. Textron Inc. [NYSE: TXT] shares were valued at $87.60 at the most recent close of the market. An investor can expect a potential drop of -5.82% based on the average TXT price forecast.
Analyzing the TXT fundamentals
Textron Inc. [NYSE:TXT] reported sales of 13.68B for the trailing twelve months, which represents a growth of 7.04%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.17 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.55.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 87.20 points at the first support level, and at 86.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.13, and for the 2nd resistance point, it is at 88.66.
Textron Inc. [TXT] reported earnings per share of $1.6 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.54/share, meaning a difference of $0.06 and a surprise factor of 3.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.49 per share as compared to estimates of $1.29 per share, a difference of $0.2 representing a surprise of 15.50%.
Ratios To Look Out For
For context, Textron Inc.’s Current Ratio is 1.79. In addition, the Quick Ratio stands at 0.89 and the Cash Ratio stands at 0.5. Considering the valuation of this stock, the price to sales ratio is 1.23, the price to book ratio is 2.42 and price to earnings (TTM) ratio is 19.17.
Transactions by insiders
Recent insider trading involved Lupone E Robert, EVP, General Counsel & Secy, that happened on Feb 21 when 48825.0 shares were sold. EVP, General Counsel & Secy, Lupone E Robert completed a deal on Feb 20 to sell 8380.0 shares. Meanwhile, VP & Corporate Controller Bamford Mark S sold 6177.0 shares on Feb 16.
