NEW YORK (
) -- Shares of
) were gapping up Wednesday morning with an open price 11% higher than Tuesday's closing price. The stock closed at $21.61 Tuesday and opened today's trading at $23.99.
The average volume for Textron has been 4.2 million shares per day over the past 30 days. Textron has a market cap of $6.05 billion and is part of the
industry. Shares are up 16.9% year to date as of the close of trading on Tuesday.
Textron Inc. operates in the aircraft, defense, automobile, industrial, and finance businesses worldwide. It operates in five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The company has a P/E ratio of 21.5, above the average aerospace/defense industry P/E ratio of 20.5 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Textron as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, generally poor debt management and poor profit margins. You can view the full
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