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 most optimistic price target was 60, implying a possible profit of 23.71 percent. The most pessimistic analyst gave a price target of 45, implying a possible loss 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.
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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.2 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.2 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 5 analysts revised their estimates downwards. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.
TXT has an estimated earnings growth rate of -23.12 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. TXT has a PEG ratio of -0.64.
TXT has a 52-week high of 50.93 and a 52-week low of 37.19. Today's price is 30.41 percent above the 52-week low, and 4.77 percent below the 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's next earnings release will be on 0000-00-00, which is days away.