Textron Inc. (NYSE:TXT) went down by -1.85% from its latest closing price compared to the recent 1-year high of $51.53. The company’s stock price has collected 3.71% of gains in the last five trading sessions. Press Release reported on 09/29/20 that Textron to Release Third Quarter Results on October 29, 2020
Is It Worth Investing in Textron Inc. (NYSE :TXT) Right Now?
Textron Inc. (NYSE:TXT) scored a price-to-earnings ratio above its average ratio, recording 22.10 x from its present earnings ratio. Plus, the 36-month beta value for TXT is at 1.68. Opinions of the stock are interesting as 4 analysts out of 14 who provided ratings for Textron Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 9 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $41.29, which is -$2.27 below the current price. TXT currently public float of 227.01M and currently shorts hold a 2.79% ratio of that float. Today, the average trading volume of TXT was 1.26M shares.
TXT’s Market Performance
TXT stocks went up by 3.71% for the week, with a monthly drop of -8.47% and a quarterly performance of 13.06%, while its annual performance rate touched -24.66%. The volatility ratio for the week stands at 3.59% while the volatility levels for the past 30 days are set at 3.25% for Textron Inc.. The simple moving average for the period of the last 20 days is -4.57% for TXT stocks with a simple moving average of 0.47% for the last 200 days.
Analysts’ Opinion of TXT
Many brokerage firms have already submitted their reports for TXT stocks, with Morgan Stanley repeating the rating for TXT by listing it as a “Equal-Weight.” The predicted price for TXT in the upcoming period, according to Morgan Stanley is $45 based on the research report published on September 08th of the current year 2020.
Alembic Global Advisors, on the other hand, stated in their research note that they expect to see TXT reach a price target of $52. The rating they have provided for TXT stocks is “Overweight” according to the report published on August 17th, 2020.
TXT Trading at -3.21% from the 50-Day Moving Average
After a stumble in the market that brought TXT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.96% of loss for the given period.
Volatility was left at 3.25%, however, over the last 30 days, the volatility rate increased by 3.59%, as shares sank -8.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.12% upper at present.
During the last 5 trading sessions, TXT rose by +3.71%, which changed the moving average for the period of 200-days by -16.94% in comparison to the 20-day moving average, which settled at $37.65. In addition, Textron Inc. saw -19.08% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at TXT starting from DONNELLY SCOTT C, who sale 227,766 shares at the price of $40.29 back on Sep 02. After this action, DONNELLY SCOTT C now owns 640,185 shares of Textron Inc., valued at $9,176,692 using the latest closing price.
Connor Frank T, the Executive Vice President & CFO of Textron Inc., sale 69,566 shares at $40.29 during a trade that took place back on Sep 02, which means that Connor Frank T is holding 138,356 shares at $2,802,814 based on the most recent closing price.
Stock Fundamentals for TXT
Current profitability levels for the company are sitting at:
- +7.73 for the present operating margin
- +20.93 for the gross margin
The net margin for Textron Inc. stands at +5.98. The total capital return value is set at 11.34, while invested capital returns managed to touch 9.29. Equity return is now at value 6.80, with 2.50 for asset returns.
Based on Textron Inc. (TXT), the company’s capital structure generated 74.14 points at debt to equity in total, while total debt to capital is 42.57. Total debt to assets is 27.24, with long-term debt to equity ratio resting at 60.08. Finally, the long-term debt to capital ratio is 34.50.
Currently, EBITDA for the company is 135.00M with total debt to EBITDA at 2.61. When we switch over and look at the enterprise to sales, we see a ratio of 0.96, with the company’s debt to enterprise value settled at 0.31. The receivables turnover for the company is 14.02 and the total asset turnover is 0.93. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.80.