Market Update: United Technologies Corp (NYSE:UTX) – United Technologies, Otis Donate Elevators to New Exhibit at Space Center Houston

[PR Newswire] – HOUSTON, Jan. 25, 2016 /PRNewswire/ — United Technologies Corp. (UTX) and its Otis Elevator Co. unit donated two Otis Gen2® elevators, valued at $325,000, for the new Independence Plaza at the nonprofit Space Center Houston, the official visitor center of the NASA Johnson Space Center. Visitors to the complex can ride these Otis elevators to access a space shuttle flight deck and mid deck, just like the shuttles astronauts used for every space shuttle flight since 1977, as well as the shuttle carrier aircraft. Read more on this. United Technologies Corporation (UTX) , with a current value of $75.66B, started trading this morning at $85.98. Shares have traded today between $85.20 and $86.15 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 13.77x 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 passive income investors, the company pays shareholders $2.56 per share annually in dividends, yielding 2.96%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.52 per share, which would be $0.10 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $6.27 which would be a $0.55 worse than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.35 Billion. If reported, that would be a 9.71% decrease over the year-ago quarter. Recently, Bernstein downgraded UTX from Outperform to Mkt Perform (Jan 8, 2016). Previously, Sterne Agee CRT downgraded UTX from Buy to Neutral. The average price target for UTX shares is $107.06, which is 24.52% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Fourth Quarter Earnings Advisory to Securities Analysts, Investors and News Media Market Update: United Technologies Corp (NYSE:UTX) – United Technologies Research Centre Ireland leads Clean Sky 2 contract Company Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Third Quarter Earnings Advisory to Securities Analysts, Investors and News Media
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