Textron (NYSE:TXT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 8 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, Goldman Sachs maintains its rating on Textron (NYSE:TXT).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, Goldman Sachs raises the new price target from $39 per share to $41 per share. The rating by the firm was issued on April 22, 2016.
Textron (NYSE:TXT): 6 analysts have set the short term price target of Textron (NYSE:TXT) at $47.83. The standard deviation of short term price target has been estimated at $4.45, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 51 and $40 respectively.
Textron (NYSE:TXT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.82% or 0.32 points. After the session commenced at $38.85, the stock reached the higher end at $38.88 while it hit a low of $38.52. With the volume soaring to 1,113,345 shares, the last trade was called at $38.53. The company has a 52-week high of $46.486. The company has a market cap of $10,358 million and there are 268,831,740 shares in outstanding. The 52-week low of the share price is $30.685.
Shares of Textron Inc. rose by 2.56% in the last five trading days and 1.66% for the last 4 weeks. Textron Inc. is up 5.3% in the last 3-month period. Year-to-Date the stock performance stands at -8.18%.
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.