United Technologies Corp. Receives Consensus Recommendation of “Buy” from Brokerages (NYSE:UTX)
United Technologies Corp. (NYSE:UTX) has been given an average recommendation of “Buy” by the twenty-two brokerages that are currently covering the stock, Analyst Ratings Network reports. Five investment analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $120.30.
A number of research firms have recently commented on UTX. Analysts at TheStreet reiterated a “buy” rating on shares of United Technologies Corp. in a research note on Friday, February 7th. Finally, analysts at Ned Davis Research upgraded shares of United Technologies Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, January 27th.
In other United Technologies Corp. news, VP Thomas Rogan sold 5,499 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $115.16, for a total value of $633,264.84. Following the completion of the sale, the vice president now directly owns 4,960 shares of the company’s stock, valued at approximately $571,194. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
United Technologies Corp. (NYSE:UTX) traded down 0.05% on Wednesday, hitting $112.31. 691,947 shares of the company’s stock traded hands. United Technologies Corp. has a 52 week low of $88.37 and a 52 week high of $118.20. The stock’s 50-day moving average is $112.8 and its 200-day moving average is $108.. The company has a market cap of $102.8 billion and a price-to-earnings ratio of 17.98.
United Technologies Corp. (NYSE:UTX) last released its earnings data on Wednesday, January 22nd. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.04 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Analysts expect that United Technologies Corp. will post $6.82 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 10th. Shareholders of record on Friday, February 14th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, February 12th.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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