The price-to-earnings ratio for Textron Inc. (NYSE: TXT) is above average at 17.98x. The 36-month beta value for TXT is also noteworthy at 1.23. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 4 rating it as “overweight,” 4 rating it as “hold,” and 2 rating it as “sell.”
The public float for TXT is 184.34M, and at present, short sellers hold a 1.98% of that float. The average trading volume of TXT on October 31, 2024 was 958.54K shares.
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TXT) stock’s latest price update
The stock price of Textron Inc. (NYSE: TXT) has jumped by 0.35 compared to previous close of 81.77. Despite this, the company has seen a fall of -5.54% in its stock price over the last five trading days. zacks.com reported 2024-10-24 that Although the revenue and EPS for Textron (TXT) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
TXT’s Market Performance
TXT’s stock has fallen by -5.54% in the past week, with a monthly drop of -6.16% and a quarterly drop of -9.43%. The volatility ratio for the week is 2.08% while the volatility levels for the last 30 days are 1.91% for Textron Inc. The simple moving average for the last 20 days is -4.76% for TXT’s stock, with a simple moving average of -7.00% for the last 200 days.
Analysts’ Opinion of TXT
Many brokerage firms have already submitted their reports for TXT stocks, with TD Cowen repeating the rating for TXT by listing it as a “Hold.” The predicted price for TXT in the upcoming period, according to TD Cowen is $95 based on the research report published on September 25, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see TXT reach a price target of $95. The rating they have provided for TXT stocks is “Equal-Weight” according to the report published on August 08th, 2024.
BofA Securities gave a rating of “Buy” to TXT, setting the target price at $105 in the report published on March 08th of the current year.
TXT Trading at -5.99% 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 -15.69% of loss for the given period.
Volatility was left at 1.91%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares sank -5.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.69% lower at present.
During the last 5 trading sessions, TXT fell by -5.54%, which changed the moving average for the period of 200-days by +5.82% in comparison to the 20-day moving average, which settled at $86.17. In addition, Textron Inc. saw 2.04% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at TXT starting from BADER KATHLEEN M, who sale 11,870 shares at the price of $87.91 back on May 16 ’24. After this action, BADER KATHLEEN M now owns 3,756 shares of Textron Inc., valued at $1,043,491 using the latest closing price.
Lupone E Robert, the EVP, General Counsel & Secy of Textron Inc., sale 48,825 shares at $85.17 during a trade that took place back on Feb 21 ’24, which means that Lupone E Robert is holding 97,993 shares at $4,158,484 based on the most recent closing price.
Stock Fundamentals for TXT
Current profitability levels for the company are sitting at:
- -0.13 for the present operating margin
- 0.16 for the gross margin
The net margin for Textron Inc. stands at 0.06. The total capital return value is set at -0.15. Equity return is now at value 12.60, with 5.36 for asset returns.
Based on Textron Inc. (TXT), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is -20.72.
Currently, EBITDA for the company is 1.69 billion with net debt to EBITDA at -1.7. When we switch over and look at the enterprise to sales, we see a ratio of 1.25. The receivables turnover for the company is 9.43for trailing twelve months and the total asset turnover is 0.85. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.70.
Conclusion
In summary, Textron Inc. (TXT) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
