United Technologies Corp. Given Buy Rating at TheStreet (UTX)
United Technologies Corp. (NYSE:UTX)‘s stock had its “buy” rating restated by investment analysts at TheStreet in a note issued to investors on Sunday, AnalystRatings.NET 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 solid stock price performance, growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of United Technologies Corp. (NYSE:UTX) opened at 112.90 on Friday. United Technologies Corp. has a one year low of $83.25 and a one year high of $113.94. The stock has a 50-day moving average of $110.3 and a 200-day moving average of $105.3. The company has a market cap of $103.6 billion and a P/E ratio of 16.26.
United Technologies Corp. (NYSE:UTX) last released its earnings data on Tuesday, October 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, beating the 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 last year, the company posted $1.37 earnings per share. United Technologies Corp.’s revenue was up 2.8% compared to the same quarter last year. Analysts expect that United Technologies Corp. will post $6.15 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets raised their price target on shares of United Technologies Corp. from $110.00 to $128.00 in a research note to investors on Tuesday, December 31st. They now have a “market perform” rating on the stock. Separately, analysts at Morgan Stanley cut their price target on shares of United Technologies Corp. from $119.00 to $118.00 in a research note to investors on Monday, December 16th. Finally, analysts at RBC Capital raised their price target on shares of United Technologies Corp. from $121.00 to $122.00 in a research note to investors on Friday, December 13th. They now have an “outperform” rating on the stock. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $116.14.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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