United Technologies Corp. Rating Reiterated by TheStreet (UTX)
United Technologies Corp. (NYSE:UTX)‘s stock had its “buy” rating restated by stock analysts at TheStreet in a report issued on Sunday, Stock Ratings Network.com 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, growth in earnings per share, compelling growth in net income 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.”
United Technologies Corp. (NYSE:UTX) opened at 107.52 on Friday. United Technologies Corp. has a 52 week low of $74.44 and a 52 week high of $109.13. The stock has a 50-day moving average of $104.3 and a 200-day moving average of $96.97. The company has a market cap of $98.651 billion and a P/E ratio of 15.50.
United Technologies Corp. (NYSE:UTX) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.54 by $0.01. The company had revenue of $15.50 billion for the quarter, compared to the consensus estimate of $16.18 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, analysts predict that United Technologies Corp. will post $6.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, December 10th. Stockholders of record on Friday, November 15th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, November 13th. This is a boost from United Technologies Corp.’s previous quarterly dividend of $0.54.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets reiterated a “market perform” rating on shares of United Technologies Corp. in a research note to investors on Thursday. They now have a $110.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of United Technologies Corp. from $114.00 to $115.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of United Technologies Corp. from $110.00 to $113.00 in a research note to investors on Wednesday. They now have an “overweight” rating on the stock. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $114.67.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.