United Technologies Corp. Stock Rating Reaffirmed by TheStreet (UTX)
United Technologies Corp. (NYSE:UTX)‘s stock had its “buy” rating reaffirmed by analysts at TheStreet in a research report issued to clients and investors on Tuesday, American Banking News.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 solid stock price performance, impressive record of earnings per share growth, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
United Technologies Corp. (NYSE:UTX) opened at 113.705 on Tuesday. United Technologies Corp. has a 52 week low of $87.57 and a 52 week high of $118.20. The stock’s 50-day moving average is $112.0 and its 200-day moving average is $107.6. The company has a market cap of $104.3 billion and a P/E ratio of 16.44.
United Technologies Corp. (NYSE:UTX) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.06. The company had revenue of $16.80 billion for the quarter, compared to the consensus estimate of $17.09 billion. During the same quarter in the previous year, the company posted $1.04 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts predict that United Technologies Corp. will post $6.16 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Ned Davis Research upgraded shares of United Technologies Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Separately, analysts at Argus raised their price target on shares of United Technologies Corp. from $120.00 to $128.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Finally, analysts at Barclays raised their price target on shares of United Technologies Corp. from $117.00 to $131.00 in a research note to investors on Thursday, January 23rd. They now have an “overweight” rating on the stock. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $120.30.
In other United Technologies Corp. news, CEO Geraud Darnis unloaded 15,476 shares of United Technologies Corp. stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $114.77, for a total transaction of $1,776,180.52. Following the completion of the sale, the chief executive officer now directly owns 4,224 shares of the company’s stock, valued at approximately $484,788. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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