Textron Inc. [TXT] stock is trading at $88.77, up 0.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TXT shares have gain 1.09% over the last week, with a monthly amount drifted -1.50%, and not 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 August 08, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight but kept the price target unchanged to $95 for it. Previously, BofA Securities upgraded its rating to Buy on March 08, 2024, and elevated its price target to $105. On October 11, 2023, UBS initiated with a Sell rating and assigned a price target of $73 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $90 on July 06, 2023. Vertical Research downgraded its rating to a Hold but $70 remained the price target by the analyst firm on May 24, 2023. In a note dated September 13, 2022, Bernstein initiated an Mkt Perform rating.
Textron Inc. [TXT] stock has fluctuated between $74.13 and $97.33 over the past year. Currently, Wall Street analysts expect the stock to reach $85.33 within the next 12 months. Textron Inc. [NYSE: TXT] shares were valued at $88.77 at the most recent close of the market. An investor can expect a potential drop of -3.88% based on the average TXT price forecast.
Analyzing the TXT fundamentals
Textron Inc. [NYSE:TXT] reported sales of 13.90B for the trailing twelve months, which represents a growth of 3.01%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at -0.12%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.13 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.53.
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 88.27 points at the first support level, and at 87.78 for the second support level. However, for the 1st resistance point, the stock is sitting at 89.12, and for the 2nd resistance point, it is at 89.48.
Ratios To Look Out For
For context, Textron Inc.’s Current Ratio is 1.66. As well, the Quick Ratio is 0.67, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 1.20, the price to book ratio is 2.43 and price to earnings (TTM) ratio is 18.77.
Transactions by insiders
Recent insider trading involved BADER KATHLEEN M, Director, that happened on May 16 ’24 when 11870.0 shares were sold. EVP, General Counsel & Secy, Lupone E Robert completed a deal on Feb 21 ’24 to sell 48825.0 shares. Meanwhile, EVP, General Counsel & Secy Lupone E Robert sold 8380.0 shares on Feb 20 ’24.
