Textron (TXT) : 9 analysts are covering Textron (TXT) and their average rating on the stock is 1.81, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Textron (TXT) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $51 and the lowest price target forecast is $39. The average forecast of all the analysts is $46.57 and the expected standard deviation is $5.26.
For the current week, the company shares have a recommendation consensus of Buy. Textron (NYSE:TXT): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $39.18 and $39.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.39, notching a gain of 0.69% for the day. The total traded volume was 490,055 . The stock had closed at $39.12 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Johnson Cheryl H, officer (Executive VP, Human Resources) of Textron Inc, had unloaded 2,121 shares at an average price of $42.37 in a transaction dated on November 2, 2015. The total value of the transaction was worth $89,867.
Textron Inc. is a multi-industry company engaged in aircraft, defense, industrial and finance businesses to provide customers with products and services worldwide. It operates in five segments: Textron Aviation, Bell, Textron Systems, Industrial and Finance. Textron Aviation manufactures, sells and services Beechcraft and Cessna aircraft, and services the Hawker brand of business jets. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services in the world. Textron Systems product lines consist of unmanned aircraft systems, marine and land systems, weapons and sensors, simulation, training and other defense and aviation mission support products and services. The Industrial segment designs and manufactures a range of products under three principal product lines. The Finance segment provides financing primarily to purchasers of new and pre-owned Textron Aviation aircraft and Bell helicopters.