Alert: Negative Investment/Fundamental Signals (11/8/24)-Textron Inc (NYSE: TXT)

out_logo_500#17912.jpg

Textron Inc (NYSE: TXT) has recently experienced significant negative changes in fundamentals: the stock’s power rating fell below 50, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.

Recent meaningful negative changes in investment behavior have impacted Textron Inc (NYSE: TXT): negative upside/downside volume developed.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.

out_mm#17912.jpg

Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to be above the cost of capital, TXT is expected to continue to be a major Value Builder.

Textron has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Textron has a neutral Appreciation Score of 56 and a neutral Power Rating of 48, with the Neutral Value Trend Rating the result.

Recent Price Action

Textron Inc (NYSE: TXT) stock closed at $87.56 on 11/8/24 after a slight decline of -0.4%. This decline was accompanied by normal trading volume. The stock has performed in line with the market over the last nine months and has risen 8.9% during the last week.

Be the first to comment

Leave a Reply

Your email address will not be published.


*