Is Textron Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NYSE: TXT) stock is to Buy TXT stock.
Out of 2 analysts, 1 (50%) are recommending TXT as a Strong Buy, 0 (0%) are recommending TXT as a Buy, 1 (50%) are recommending TXT as a Hold, 0 (0%) are recommending TXT as a Sell, and 0 (0%) are recommending TXT as a Strong Sell.
What is TXT's forecast return on equity (ROE) for 2023-2024?
(NYSE: TXT) forecast ROE is 14.79%, which is considered weak.
What is TXT's Price Target?
According to 2 Wall Street analysts that have issued a 1 year TXT price target, the average TXT price target is $81.50, with the highest TXT stock price forecast at $93.00 and the lowest TXT stock price forecast at $70.00.
On average, Wall Street analysts predict that Textron's share price could reach $81.50 by May 24, 2024. The average Textron stock price prediction forecasts a potential upside of 29.76% from the current TXT share price of $62.81.
What is TXT's forecast return on assets (ROA) for 2023-2024?
(NYSE: TXT) forecast ROA is 6.32%, which is lower than the forecast US Aerospace & Defense industry average of 6.83%.
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