Analyst Price Target Update on Textron (NYSE:TXT)

Textron (NYSE:TXT): 6 Analyst have given the stock of Textron (NYSE:TXT) a near short term price target of $47.83. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $4.45. The higher price target estimate is at $51 while the lower price estimates are fixed at $40.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Goldman Sachs maintains its outlook on Textron (NYSE:TXT). The current rating of the shares is Neutral, according to the research report released by the firm. The brokerage firm raises the price target from $39 per share to $41 per share. The rating by the firm was issued on April 22, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (Executive VP, Human Resources) of Textron Inc, Johnson Cheryl H sold 2,121 shares at $42.37 on November 2, 2015. The Insider selling transaction had a total value worth of $89,867. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Textron (NYSE:TXT) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.75 points or 1.94% at $38 with 1,129,520 shares getting traded. Post opening the session at $38.55, the shares hit an intraday low of $37.98 and an intraday high of $38.7082 and the price was in this range throughout the day. The company has a market cap of $10,216 million and the number of outstanding shares have been calculated to be 268,831,740 shares. The 52-week high of Textron (NYSE:TXT) is $46.59 and the 52-week low is $30.685.

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.

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