Last Updated: 19 Sep 2024
Executive Summary
Textron Inc. (TXT) is a diversified industrial conglomerate with a market capitalization of $16.39 billion. The company's recent financial performance has been strong, with revenue and earnings growth in the last quarter. Analysts are generally bullish on Textron, with a consensus analyst target price of $102.31.
Company Overview
Textron is a global conglomerate with a portfolio of businesses in the aviation, defense, industrial, and finance sectors. The company's largest subsidiary is Bell Textron, a leading manufacturer of commercial and military helicopters. Textron also owns Cessna Aircraft, a major manufacturer of general aviation aircraft.
Fundamental Analysis
Textron's financial performance has been strong in recent years. The company's revenue has grown by an average of 3.5% per year over the past five years. Earnings per share have grown by an average of 7.2% per year over the same period.
Textron's profit margins are relatively low, but this is typical for the aerospace and defense industry. The company's return on assets is 4.97%, which is slightly below the industry average. Textron's return on equity is 13.4%, which is in line with the industry average.
Technical Analysis
Textron's stock price has been trending higher in recent months. The stock is currently trading above its 50-day and 200-day moving averages. The relative strength index (RSI) is also above 50, indicating that the stock is in a bullish trend.
Short Term Outlook
Textron's stock price is expected to continue to rise in the short term. The company's strong financial performance and positive analyst sentiment are likely to support the stock price.
Long Term Outlook
Textron's long-term outlook is also positive. The company's diversified portfolio of businesses and strong financial position should allow it to continue to grow in the future.
Analyst Recommendations
Analysts are generally bullish on Textron. The consensus analyst target price is $102.31, which represents a potential upside of 17% from the current stock price. Four analysts have a strong buy rating on the stock, six have a buy rating, and seven have a hold rating.
