Textron Inc. [NYSE: TXT] slipped around -5.38 points on Thursday, while shares priced at $81.49 at the close of the session, down -6.19%.
Compared to the average trading volume of 905.45K shares, TXT reached a trading volume of 3044981 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus say about Textron Inc. [TXT]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TXT shares is $100.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TXT stock is a recommendation set at 2.37. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Textron Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 25, 2024. The new note on the price target was released on August 08, 2024, representing the official price target for Textron Inc. stock. Previously, the target price had yet another raise from $85 to $105, while BofA Securities kept a Buy rating on TXT stock.
The Average True Range (ATR) for Textron Inc. is set at 2.03, with the Price to Sales ratio for TXT stock in the period of the last 12 months amounting to 1.10. The Price to Book ratio for the last quarter was 2.23, with the Price to Cash per share for the same quarter was set at 7.53. Price to Free Cash Flow for TXT in the course of the last twelve months was 19.80 with Quick ratio for the last quarter at 0.67.
How has TXT stock performed recently?
Textron Inc. [TXT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.78. With this latest performance, TXT shares dropped by -4.68% in over the last four-week period, additionally sinking by -4.02% over the last 6 months – not to mention a rise of 8.61% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TXT stock in for the last two-week period is set at 31.98, with the RSI for the last a single of trading hit 25.42, and the three-weeks RSI is set at 36.24 for Textron Inc. [TXT]. The present Moving Average for the last 50 days of trading for this stock 87.75, while it was recorded at 87.07 for the last single week of trading, and 88.15 for the last 200 days.
Textron Inc. [TXT]: Deeper insight into the fundamentals
Textron Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.67 and a Current Ratio set at 1.66.
Earnings analysis for Textron Inc. [TXT]
With the latest financial reports released by the company, Textron Inc. posted 1.49/share EPS, while the average EPS was predicted by analysts to be reported at 1.29/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.2. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TXT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Textron Inc. go to 10.05%.
Insider trade positions for Textron Inc. [TXT]
There are presently around $86.22%, or 86.78%% of TXT stock, in the hands of institutional investors. The top three institutional holders of TXT stocks are: VANGUARD GROUP INC with ownership of 21.82 million shares, which is approximately 11.3182%. BLACKROCK INC., holding 15.61 million shares of the stock with an approximate value of $$1.34 billion in TXT stocks shares; and BLACKROCK INC., currently with $$1.15 billion in TXT stock with ownership which is approximately 6.9403%.
