Textron Inc. (NYSE:TXT) went up by 5.12% from its latest closing price compared to the recent 1-year high of $51.53. The company’s stock price has collected 7.70% of gains in the last five trading sessions. MarketWatch.com reported 4 hours ago that Textron Inc. stock outperforms market on strong trading day
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 38.68 x from its present earnings ratio. Plus, the 36-month beta value for TXT is at 1.70. Opinions of the stock are interesting as 3 analysts out of 15 who provided ratings for Textron Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 11 rated it as “hold,” and 0 as “sell.”
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The average price from analysts is $43.29, which is -$2.76 below the current price. TXT currently public float of 227.85M and currently shorts hold a 1.88% ratio of that float. Today, the average trading volume of TXT was 1.31M shares.
TXT’s Market Performance
TXT stocks went up by 7.70% for the week, with a monthly jump of 26.16% and a quarterly performance of 22.88%, while its annual performance rate touched -2.76%. The volatility ratio for the week stands at 4.17% while the volatility levels for the past 30 days are set at 3.99% for Textron Inc.. The simple moving average for the period of the last 20 days is 22.01% for TXT stocks with a simple moving average of 32.27% for the last 200 days.
Analysts’ Opinion of TXT
Many brokerage firms have already submitted their reports for TXT stocks, with Cowen repeating the rating for TXT by listing it as a “Market Perform.” The predicted price for TXT in the upcoming period, according to Cowen is $38 based on the research report published on October 01st of the current year 2020.
Morgan Stanley, on the other hand, stated in their research note that they expect to see TXT reach a price target of $45. The rating they have provided for TXT stocks is “Equal-Weight” according to the report published on September 08th, 2020.
Alembic Global Advisors gave a rating of “Overweight” to TXT, setting the target price at $52 in the report published on August 17th of the current year.
TXT Trading at 23.13% 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 -11.20% of loss for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 4.17%, as shares surge +28.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.51% upper at present.
During the last 5 trading sessions, TXT rose by +7.70%, which changed the moving average for the period of 200-days by -1.14% in comparison to the 20-day moving average, which settled at $38.02. In addition, Textron Inc. saw 2.60% in overturn over a single year, with a tendency to cut further gains.
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 4.90, with 1.70 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.
When we switch over and look at the enterrpise 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.