Analyst Ratings for Textron Inc. (TXT)Updated: 2017-07-28
Analysts covering Textron Inc. (NYSE:TXT) have given it a consensus rating of Overweight. TXT had previously received a consensus rating of Overweight a month ago.
7 analysts declared TXT a buy, 1 gave an overweight rating, 6 gave a hold rating, 1 issued an underweight rating, and 1 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Over the same time period, there has been an increase of 1 in the number of analysts with a negative outlook on the stock.
Several price targets were given for TXT by the analysts covering the stock. The maximum price target given was 60, implying a possible profit of 23.71 percent. The most pessimistic analyst gave a price target of 45, implying potential capital losses of -7.22 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -5.34 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -5.34 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.2 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.2 percent.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 5 analysts revised their estimates downwards. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of TXT to grow at a rate of -23.12 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of TXT is -0.64.
TXT has traded between a high of 50.93 and a low of 37.19 over the past year. The current market price is above the trailing year's low by 30.41 percent, and 4.77 percent lower than its 52-week high. TXT has a price/earnings ratio of 14.83. Investors typically compare the P/E ratio to a company's peers in the industry. The TXT value stock report compares TXT to some of its peers using value stock charts. The stock has a market capitalization of $13.15 billion. TXT's next earnings release will be on 0000-00-00, which is days away.