Textron Inc (NYSE: TXT) has reported E.P.S. of $1.03 for its first fiscal quarter (ending March 31) versus $0.93 for the same period a year ago. For the latest four quarters through March 31, E.P.S. were $4.73 versus $4.08 for the same period a year ago.
Recent Price Action
Textron Inc (NYSE: TXT) stock suffered a large decline of -9.7% on 4/25/24. The stock closed at $84.90. Moreover, exceptionally high trading volume at 440% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -7.9% during the last week.
Current PriceTarget Research Rating
TXT is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Textron has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Textron has a neutral Appreciation Score of 44 but a very high Power Rating of 86, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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