Traders Buy High Volume of United Technologies Corp. Put Options (UTX)
Shares of United Technologies Corp. (NYSE:UTX) saw some unusual options trading on Tuesday. Stock traders bought 11,374 put options on the stock, Stock Ratings Network.com reports. This is an increase of approximately 375% compared to the typical volume of 2,394 put options.
A number of analysts have recently weighed in on UTX shares. Analysts at Credit Suisse raised their price target on shares of United Technologies Corp. (NYSE:UTX) from $114.00 to $120.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, 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. Finally, analysts at TheStreet reiterated a “buy” rating on shares of United Technologies Corp. (NYSE:UTX) in a research note to investors on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. United Technologies Corp. presently has a consensus rating of “Buy” and a consensus price target of $113.17.
Shares of United Technologies Corp. (NYSE:UTX) traded down 0.41% on Tuesday, hitting $107.38. The stock had a trading volume of 4,996,949 shares. United Technologies Corp. has a 52 week low of $74.44 and a 52 week high of $112.46. The stock’s 50-day moving average is $105.5 and its 200-day moving average is $98.5. The company has a market cap of $98.522 billion and a price-to-earnings ratio of 15.61.
United Technologies Corp. (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.65 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.58 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts expect that United Technologies Corp. will post $6.15 EPS 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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