Wall Street is positive on Textron Inc. (TXT). On average, analysts give the stock a Strong Buy rating. The average price target is $45.166, which means analysts expect the stock to add by 79.23% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 48, which is better than 48% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Textron Inc. Stock Today?
Textron Inc. (TXT) stock has gained 2.86% while the S&P 500 has fallen -1.85% as of 2:52 PM on Friday, Apr 3. TXT is higher by $0.70 from the previous closing price of $24.50 on volume of 763,133 shares. Over the past year the S&P 500 is down -13.86% while TXT has fallen -50.71%. TXT earned $3.50 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.22.
