Textron Inc. (TXT, Financial) has reported impressive financial results for the first quarter, with revenue reaching $3.3 billion, surpassing analysts' expectations of $3.26 billion. This growth was significantly driven by the strong performance in both military and commercial product lines at Bell.
According to CEO Scott Donnelly, Textron Aviation is witnessing operational improvements as its facilities aim to return to their full capacity following disruptions. Additionally, the company has ramped up production efforts, further bolstering its financial performance.
In a strategic move, Textron Specialized Vehicles has divested its Powersports business, which included the Arctic Cat brand. This sale is part of Textron's broader strategy to refine its business operations and focus on core areas, contributing to its robust financial health.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 15 analysts, the average target price for Textron Inc (TXT, Financial) is $86.35 with a high estimate of $107.00 and a low estimate of $62.00. The average target implies an upside of 30.38% from the current price of $66.23. More detailed estimate data can be found on the Textron Inc (TXT) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, Textron Inc's (TXT, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Textron Inc (TXT, Financial) in one year is $97.32, suggesting a upside of 46.94% from the current price of $66.23. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Textron Inc (TXT) Summary page.
