Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies to present at Electrical Products Group Conference

[PR Newswire] – FARMINGTON, Conn., May 10, 2016 /PRNewswire/ — A webcast of United Technologies Corp. (NYSE: UTX) President and Chief Executive Officer Gregory Hayes speaking at the Electrical Products Group Conference … Read more on this. United Technologies Corporation (UTX) , with a current market cap of $85.49B, started the session at $100.30. Shares have traded today between $100.20 and $102.42 per share with its 52-week range being $83.39 to $119.66. Priced at 15.29x this year’s forecasted earnings, UTX shares are relatively inexpensive compared to the industry’s 22.04x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.64 per share annually in dividends, yielding 2.61%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.68 per share, which would be $0.05 worse than the year-ago quarter and a $0.01 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.56 would be a $0.27 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.66 Billion. If realized, that would be a 10.23% decrease over the year-ago quarter. More recently, RBC Capital Mkts downgraded UTX from Outperform to Sector Perform (May 3, 2016). Previously, Goldman downgraded UTX from Buy to Neutral. Investors should keep in mind is that the average price target is $111.67, which is 11.34% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies Prices Offering of Euro-Denominated Senior Notes Market Update: United Technologies Corp (NYSE:UTX) – Morning Analysis on Aerospace/Defense Products & Services Stocks – United Technologies, The Boeing, General Dynamics, and Lockheed Martin Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Fourth Quarter Earnings Advisory to Securities Analysts, Investors and News Media