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.
Many analysts weighed in on price targets for TXT. The most optimistic price target was 60, which equates to a potential upside of 23.71 percent. The minimum price target given was 45, implying a possible loss of -7.22 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -5.34 percent. The average change in earnings estimates over the last 90 days is -5.34 percent. 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.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 5 analysts that decreased their estimates. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.
TXT has an estimated earnings growth rate of -23.12 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, 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. Currently the stock is 30.41 percent higher than its low, 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.