Textron Inc. (NYSE:TXT) stock went on an upward path that rose over 1.69% on Monday, amounting to a one-week price increase of more than 0.58%. Over the last 12 months, TXT stock dropped by -6.19%. The one-year TXT stock forecast points to a potential downside of -0.21, with the average price target set at $54.69 per share. The average equity rating for TXT stock is currently 2.20, trading closer to a bullish pattern in the stock market.
The market cap for TXT stock reached $10.48 billion, with 232.70 million shares outstanding and 227.70 million shares in the current float. Compared to the average trading volume of 1.63M shares, TXT reached a trading volume of 1540160 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $54.58 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 2.20. 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.
BofA/Merrill have made an estimate for Textron Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 22, 2019. The new note on the price target was released on September 27, 2019, representing the official price target for Textron Inc. stock. Previously, the target price had yet another raise to $50, while Credit Suisse analysts kept a Neutral rating on TXT stock.
The Average True Range (ATR) for Textron Inc. is set at 0.90, with the Price to Sales ratio for TXT stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 4.53. Price to Free Cash Flow for TXT in the course of the last twelve months was 39.11 with Quick ratio for the last quarter at 0.80.
TXT Stock Performance Analysis:
Textron Inc. (TXT) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.58. With this latest performance, TXT shares gained by 2.48% in over the last four-week period, additionally sinking by -15.70% over the last 6 months – not to mention a drop of -6.19% 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 50.95, with the RSI for the last a single of trading hit 52.87, and the three-weeks RSI is set at 48.96 for Textron Inc. (TXT). The present Moving Average for the last 50 days of trading for this stock 45.53, while it was recorded at 44.68 for the last single week of trading, and 48.46 for the last 200 days.
Insight into Textron Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Textron Inc. (TXT) shares currently have an operating margin of +7.89 and a Gross Margin at +21.62. Textron Inc.’s Net Margin is presently recorded at +8.75.
Return on Total Capital for TXT is now 11.90, given the latest momentum, and Return on Invested Capital for the company is 13.38. Return on Equity for this stock inclined to 22.55, with Return on Assets sitting at 8.26. When it comes to the capital structure of this company, Textron Inc. (TXT) has a Total Debt to Total Equity ratio set at 72.88. Additionally, TXT Total Debt to Total Capital is recorded at 42.16, with Total Debt to Total Assets ending up at 26.53. Long-Term Debt to Equity for the company is recorded at 67.91, with the Long-Term Debt to Total Capital now at 39.28.
Reflecting on the efficiency of the workforce at the company, Textron Inc. (TXT) managed to generate an average of $34,914 per employee. Receivables Turnover for the company is 11.71 with a Total Asset Turnover recorded at a value of 0.94. Textron Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 2.00.
TXT Stock EPS
With the latest financial reports released by the company, Textron Inc. posted 1.15/share EPS, while the average EPS was predicted by analysts to be reported at 0.98/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 17.30%. 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 9.20%.
Textron Inc. (TXT) Insider Position Details
There are presently around $8,673 million, or 85.60% of TXT stock, in the hands of institutional investors. The top three institutional holders of TXT stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 31,368,087, which is approximately 6.062% of the company’s market cap and around 0.25% of the total institutional ownership; VANGUARD GROUP INC, holding 25,404,489 shares of the stock with an approximate value of $1.13 billion in TXT stocks shares; and BLACKROCK INC., currently with $814.62 million in TXT stock with ownership of nearly 3.023% of the company’s market capitalization.
Positions in Textron Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 163 institutional holders increased their position in Textron Inc. (NYSE:TXT) by around 17,275,841 shares. Additionally, 255 investors decreased positions by around 16,500,412 shares, while 91 investors held positions by with 162,053,869 shares. The mentioned changes placed institutional holdings at 195,830,122 shares, according to the latest SEC report filing. TXT stock had 37 new institutional investments in for a total of 2,351,973 shares, while 73 institutional investors sold positions of 3,655,653 shares during the same period.