Textron (TXT) : Traders are bullish on Textron (TXT) as it has outperformed the S&P 500 by a wide margin of 5.2% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.69% in the last 1 week, and is up 4.97% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 3.13% and the fifty day Moving Average is 6.24%. Textron Inc. is up 7.11% in the last three month period. Year-to-Date the stock performance stands at -2.44%.
Textron (TXT) : The consensus price target for Textron (TXT) is $45.83 for the short term with a standard deviation of $5.78. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $51, however, the pessimist price target for the company is $38.
Textron (NYSE:TXT): stock turned positive on Friday. Though the stock opened at $40.93, the bulls momentum made the stock top out at $41.15 level for the day. The stock recorded a low of $40.6402 and closed the trading day at $40.94, in the green by 0.17%. The total traded volume for the day was 1,005,957. The stock had closed at $40.87 in the previous days trading.
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.