United Technologies Corp. PT Raised to $120.00 at Credit Suisse (UTX)
Investment analysts at Credit Suisse hoisted their price target on shares of United Technologies Corp. (NYSE:UTX) from $114.00 to $120.00 in a note issued to investors on Monday, Analyst Ratings.Net reports. The firm currently has an “outperform” rating on the stock. Credit Suisse’s price target would suggest a potential upside of 11.30% from the stock’s previous close.
In other United Technologies Corp. news, CFO Gregory Hayes sold 146,033 shares of the company’s stock on the open market in a transaction dated Monday, September 16th. The shares were sold at an average price of $109.55, for a total value of $15,997,915.15. Following the transaction, the chief financial officer now directly owns 60,419 shares in the company, valued at approximately $6,618,901. The sale was disclosed in a document filed with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of United Technologies Corp. (NYSE:UTX) in a research note to investors on Wednesday, September 25th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $113.17.
Shares of United Technologies Corp. (NYSE:UTX) traded down 1.41% on Monday, hitting $107.82. The stock had a trading volume of 3,332,964 shares. United Technologies Corp. has a one year low of $74.44 and a one year high of $112.46. The stock has a 50-day moving average of $105.4 and a 200-day moving average of $98.3. The company has a market cap of $98.926 billion and a P/E ratio of 15.83.
United Technologies Corp. (NYSE:UTX) last released its earnings data on Tuesday, July 23rd. The company reported $1.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.58 by $0.07. The company had revenue of $16.00 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter last year, the company posted $1.58 earnings per share. United Technologies Corp.’s revenue was up 15.9% compared to the same quarter last year. On average, analysts predict that United Technologies Corp. will post $6.15 earnings per share for the current fiscal year.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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