Market Update: United Technologies Corp (NYSE:UTX) – Morning Analysis on Aerospace/Defense Products & Services Stocks — United Technologies, The Boeing, General Dynamics, and Lockheed Martin

[Accesswire] – NEW YORK, NY / ACCESSWIRE / January 21, 2016 / Park Lane Advisor has initiated coverage on the following equities: United Technologies Corporation (NYSE: UTX), The Boeing Company (NYSE: BA), General Dynamics … Read more on this. United Technologies Corporation (UTX) , currently valued at $76.75B, started trading this morning at $84.83. Today’s price range has been between $84.54 and $86.79 per share with the price of the stock fluctuating between $83.39 to $124.45 over the last 52 weeks. United Tech (UTX) shares are currently priced at 13.51x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 44.35x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $2.56 per share annually in dividends, yielding 3.00%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.51 per share, which would be $0.11 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $6.28 which would be a $0.54 setback than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.30 Billion. If reported, that would be a 10.00% decrease over the year-ago quarter. In terms of ratings, Bernstein downgraded UTX from Outperform to Mkt Perform (Jan 8, 2016). Previously, Sterne Agee CRT downgraded UTX from Buy to Neutral. Given all the information above, we should disclose to readers that the average price target is $107.06, which is 26.21% above than it opened this morning. See more in (NYSE:UTX) Similar Articles: Market Update (NYSE:BA): Morning Analysis on Aerospace/Defense Products & Services Stocks — United Technologies, The Boeing, General Dynamics, and Lockheed Martin Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems Helps Enable Mitsubishi Regional Jet First Flight Market Update: United Technologies Corp (NYSE:UTX) – Lockheed, United Tech to close Sikorsky deal by Friday
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.