Textron Inc. (TXT) Stock Forecast & Predictions

Textron Inc. TXT: $72.63

40 Westminster St, Providence, Rhode Island, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.textron.com

  • Market Cap$15.93B
  • Change (52 Weeks)101.81%
  • Low (52 Weeks)$31.78
  • Textron Inc. (TXT) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Textron Inc. (TXT) stock price is $72.63 and the 52 weeks low is $31.78, which means the Textron Inc. stock price is up 101.81% in the last 12 months.

    Textron Inc. (TXT) Stock Price has been Trending Strongly with an ADX reading of 36.97 as per the Weekly Chart.

    A Upward trend indicates that Textron Inc. (TXT) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that TXT Stock price might rise further, 18.75% indicating that TXT Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall TXT stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Textron Inc. (TXT) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Textron Inc. (TXT) is based on 17 Institutional Analyst Ratings where 52.94% are on Strong Buy, 17.65% on Moderate Buy, 29.41% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 17 Institutional Analysts, majority recommended TXT stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Textron Inc..

    Textron Inc. (TXT) Stock Price Prediction By Analysts


    HighLowAverage
    $99.75$74.74$85.42
    $85.4217.62% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for TXT set by the institutional analysts is $85.42 where High Estimate is $99.75, Median $85.17 and Low $74.74.

    The average price target for TXT by Institutional Analysts is $85.42, which is 17.62% Upside from the current price. So according to the Institutional Analysts, TXT Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Textron Inc. (TXT) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 479,658 investor portfolio.

    Our algorithm has analysed 479,658 investor portfolio with TXT stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about TXT and holding their positions hoping for a further rise in the stock price and more profit.

    Textron Inc. (TXT) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    Cowen & Co.OutperformUpgraded
    JefferiesBuyMaintained
    Morgan StanleyOverweightMaintained
    Credit SuisseOutperformMaintained
    Credit SuisseOutperformMaintained
    Goldman SachsBuyMaintained
    Morgan StanleyOverweightUpgraded
    JefferiesBuyMaintained
    Credit SuisseOutperformMaintained
    BairdOutperformUpgraded
    Credit SuisseOutperformUpgraded
    Goldman SachsBuyUpgraded
    BarclaysOverweightUpgraded
    Morgan StanleyEqual-WeightMaintained
    Credit SuisseNeutralMaintained
    BairdNeutralDowngraded
    SusquehannaPositiveUpgraded
    Cowen & Co.Market PerformDowngraded
    Morgan StanleyEqual-WeightInitiated
    JP MorganNeutralDowngraded
    Credit SuisseNeutralMaintained
    BarclaysEqual-WeightDowngraded
    JP MorganOverweightMaintained
    Bank of AmericaNeutralDowngraded
    Credit SuisseNeutralMaintained
    BairdOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Vertical ResearchHoldDowngraded
    Credit SuisseNeutralInitiated
    SusquehannaNeutralInitiated
    Morgan StanleyEqual-WeightMaintained
    Wells FargoOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Bank of AmericaBuyMaintained
    JP MorganOverweightMaintained
    Morgan StanleyEqual-WeightMaintained
    BarclaysOverweightMaintained
    Bank of AmericaBuyUpgraded
    BairdOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupBuyMaintained
    BarclaysOverweightInitiated
    Morgan StanleyEqual-WeightUpgraded
    Wells FargoOutperformMaintained
    Credit SuisseOutperformMaintained
    CitigroupBuyMaintained
    Drexel HamiltonBuyUpgraded
    Morgan StanleyUnderweightMaintained
    Bank of AmericaUnderperformDowngraded
    Stephens & Co.Equal-WeightInitiated
    Deutsche BankHoldMaintained
    Vertical ResearchBuyInitiated
    BairdOutperformInitiated
    Morgan StanleyUnderweightInitiated
    Goldman SachsNeutralMaintained
    JP MorganOverweightMaintained
    JefferiesBuyMaintained
    Drexel HamiltonHoldDowngraded
    Deutsche BankHoldMaintained
    JP MorganOverweightUpgraded
    Cowen & Co.OutperformMaintained
    CitigroupBuyUpgraded
    JP MorganNeutralInitiated
    CitigroupNeutralMaintained
    BarclaysOverweightMaintained
    CitigroupNeutralMaintained
    Deutsche BankHoldMaintained
    BarclaysOverweightMaintained
    NomuraBuyUpgraded
    Bank of AmericaBuyUpgraded
    NomuraNeutralMaintained
    Deutsche BankHoldMaintained
    JefferiesBuyMaintained
    Wells FargoOutperformInitiated
    Deutsche BankHoldMaintained
    CitigroupNeutralMaintained
    Deutsche BankHoldMaintained
    Stifel NicolausBuyUpgraded
    JP MorganOverweightMaintained
    Credit SuisseOutperformMaintained
    CitigroupNeutralMaintained
    BarclaysOverweightMaintained
    JP MorganOverweightMaintained
    CitigroupHoldMaintained
    CitigroupNeutralMaintained
    Deutsche BankHoldMaintained
    JefferiesBuyInitiated
    NomuraNeutralInitiated
    Stifel NicolausHoldDowngraded
    Bank of AmericaNeutralDowngraded
    Morgan StanleyEqual-WeightInitiated
    Goldman SachsNeutralDowngraded
    Deutsche BankHoldMaintained
    BarclaysOverweightMaintained
    Goldman SachsBuyMaintained
    JP MorganNeutralDowngraded
    RBC CapitalOutperformUpgraded
    Credit SuisseOutperformUpgraded
    Deutsche BankHoldMaintained
    Bank of AmericaBuyMaintained
    BarclaysOverweightMaintained
    Goldman SachsBuyMaintained
    CitigroupNeutralMaintained
    JP MorganNeutralMaintained
    Drexel HamiltonBuyMaintained
    Deutsche BankHoldMaintained
    Goldman SachsBuyMaintained
    Early Bird CapitalBuyMaintained
    JP MorganNeutralMaintained
    Deutsche BankHoldMaintained
    Deutsche BankHoldMaintained

    Textron Inc. (TXT) Stock Earning Per Share (EPS) Forecast / Estimate


    $1.017
    The average consensus EPS for TXT is $1.017 with a high estimate of $1.134 and Low of $0.882 for the period 2021-12-31 and based on 12 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.81$0.65970170000000012021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.790832021-09-30
    $0.81$0.65970170000000012021-06-30
    $0.7$0.472680000000000042021-03-31
    $1.06$0.92054432020-12-31
    $0.53$0.35847932020-09-30
    $0.13$-0.07629542020-06-30
    $0.35$0.4753062020-03-31
    $1.11$1.09930422019-12-31
    $0.95$0.86167142019-09-30
    $0.93$0.86809500000000012019-06-30
    $0.76$0.68921392019-03-31
    $1.15$0.99213312018-12-31
    $0.61$0.76542850000000012018-09-30
    $0.87$0.70382862018-06-30
    $0.72$0.48905212018-03-31
    $0.74$0.775682017-12-31
    $0.65$0.62774530000000012017-09-30
    $0.6$0.55167212017-06-30
    $0.46$0.45341932017-03-31
    $0.8$0.87373079999999992016-12-31
    $1.1$1.07325632016-09-30
    $0.66$0.64446082016-06-30
    $0.55$0.53009852016-03-31
    $0.81$0.83705772015-12-31
    $0.63$0.61315082015-09-30
    $0.6$0.59520312015-06-30
    $0.46$0.48370922015-03-31
    $0.76$0.76364082014-12-31
    $0.57$0.52442232014-09-30
    $0.51$0.469316700000000032014-06-30
    $0.36$0.3985462014-03-31
    $0.6$0.59323362013-12-31
    $0.35$0.47656852013-09-30
    $0.4$0.37914392013-06-30
    $0.4$0.45618672013-03-31
    $0.5$0.55633830000000012012-12-31
    $0.48$0.51654430000000012012-09-30
    $0.58$0.44305672012-06-30
    $0.41$0.35352012-03-31
    $0.49$0.343400000000000042011-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).