In a report issued on July 11, Drew Lipke from Stephens reiterated a Hold rating on Textron Inc (NYSE: TXT), with a price target of $75. The company’s shares closed yesterday at $67.30, close to its 52-week high of $69.36.
According to TipRanks.com, Lipke is a 3-star analyst with an average return of 7.7% and a 78.6% success rate. Lipke covers the Consumer Goods sector, focusing on stocks such as Flir Systems, HEICO Corp, and Polaris.
Textron Inc has an analyst consensus of Strong Buy, with a price target consensus of $73.17.
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The company has a one-year high of $69.36 and a one-year low of $47.24. Currently, Textron Inc has an average volume of 1.7M.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2018, Scott Donnelly, the COB, Pres & CEO of TXT sold 200,400 shares for a total of $12,617,837.
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.
