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.
Investment analysts gave a few price targets for TXT. The most optimistic price target was 60, implying a possible profit of 23.71 percent. The lowest price target was 45, implying potential capital losses of -7.22 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -5.34 percent. That number becomes -5.34 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.2 percent, compared to last month. 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 made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 2 analysts decreased their estimates.
The growth rate of TXT's earnings is estimated by analysts to be -23.12 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. TXT has a PEG ratio of -0.64.
In the last 52-weeks, TXT has achieved a high of 50.93 and a low of 37.19. Today's price is 30.41 percent above the 52-week low, and 4.77 percent lower than its 52-week high. TXT has a P/E 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 market cap of TXT is $13.15 billion. TXT will post this quarters earnings in days, on 0000-00-00.