At the time of writing, Textron Inc. [TXT] stock is trading at $87.85, down -0.66%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TXT shares have gain 3.37% over the last week, with a monthly amount drifted -0.54%, 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 September 25, 2024, when TD Cowen downgraded its rating to a Hold and also revised its price target to $95 from $103. Previously, Morgan Stanley downgraded its rating to Equal-Weight on August 08, 2024, and kept the price target unchanged to $95. On March 08, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $105 on the stock. UBS started tracking the stock assigning a Sell rating and suggested a price target of $73 on October 11, 2023. Citigroup initiated its recommendation with a Buy and recommended $90 as its price target on July 06, 2023. Vertical Research downgraded its rating to Hold for this stock on May 24, 2023, but kept the price target unchanged to $70. In a note dated April 06, 2023, Wolfe Research initiated an Peer Perform rating.
For the past year, the stock price of Textron Inc. fluctuated between $74.13 and $97.33. Currently, Wall Street analysts expect the stock to reach $85.33 within the next 12 months. Textron Inc. [NYSE: TXT] shares were valued at $87.85 at the most recent close of the market. An investor can expect a potential drop of -2.87% based on the average TXT price forecast.
Analyzing the TXT fundamentals
According to Textron Inc. [NYSE:TXT], the company’s sales were 13.90B for trailing twelve months, which represents an 3.01% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.53.
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 87.37 points at the first support level, and at 86.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.72, and for the 2nd resistance point, it is at 89.60.
Ratios To Look Out For
It is important to note that Textron Inc. [NYSE:TXT] has a current ratio of 1.66. Further, the Quick Ratio stands at 0.67, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 1.18, the price to book ratio is 2.40 and price to earnings (TTM) ratio is 18.58.
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.
