TheStreet Reiterates Buy Rating for United Technologies Corp. (UTX)
United Technologies Corp. (NYSE:UTX)‘s stock had its “buy” rating restated by research analysts at TheStreet in a report released on Tuesday, Stock Ratings News reports.
The analysts wrote, “United Technologies (UTX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, growth in earnings per share and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.”
Shares of United Technologies Corp. (NYSE:UTX) traded down 0.62% on Tuesday, hitting $103.385. The stock had a trading volume of 849,680 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 $98.95. The company has a market cap of $94.857 billion and a P/E ratio of 15.06.
United Technologies Corp. (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.58 earnings per share. The company’s revenue for the quarter was up 15.9% on a year-over-year basis.
UTX has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of United Technologies Corp. in a research note to investors on Wednesday, October 2nd. They now have a $118.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of United Technologies Corp. from $114.00 to $120.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Finally, analysts at UBS AG reiterated a “buy” rating on shares of United Technologies Corp. in a research note to investors on Friday, August 2nd. They now have a $122.00 price target on the stock, up previously from $105.00. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. United Technologies Corp. has an average rating of “Buy” and a consensus target price of $113.33.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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