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.
TXT was given price targets by several analysts. The maximum price target given was 60, which equates to a potential upside of 23.71 percent. The most pessimistic analyst gave a price target of 45, implying potential capital losses of -7.22 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -5.34 percent on average, compared to last month. That number becomes -5.34 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -0.2 percent. 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. 3 analysts have revised their quarterly estimates upwards in the past 30 days, 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. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. TXT has a PEG ratio of -0.64.
In the trailing 52-weeks, TXT hit 50.93 at the highest peak, while it's lowest trading point was 37.19. Today's price is 30.41 percent above the 52-week low, and below the high by 4.77 percent. 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.