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In a report released today, Peter Skibitski from Alembic Global maintained a Buy rating on Textron Inc (NYSE: TXT). The company’s shares closed yesterday at $57.49.
According to TipRanks.com, Skibitski is a 4-star analyst with an average return of 17.5% and a 76.9% success rate. Skibitski covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Huntington Ingalls.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Textron Inc with a $77.75 average price target, a 35.2% upside from current levels. In a report released yesterday, Cowen & Co. also assigned a Buy rating to the stock with a $80 price target.
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Textron Inc’s market cap is currently $14.31B and has a P/E ratio of 32.12. The company has a Price to Book ratio of 2.67.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Textron, Inc. is a multi-industry company, which leverages global network of aircraft, defense, industrial, and finance businesses to provide customers innovative solutions and services. The company operates its business through the following segments: Textron Aviation, Bell, Textron Systems, Industrial, and Finance.
