United Technologies Given Average Rating of “Buy” by Analysts (NYSE:UTX)
Shares of United Technologies (NYSE:UTX) have been given an average recommendation of “Buy” by the twenty brokerages that are currently covering the company, AR Network reports. Four investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $125.32.
A number of analysts have recently weighed in on UTX shares. Analysts at Morgan Stanley raised their price target on shares of United Technologies to $129.00 in a research note on Thursday, June 19th. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of United Technologies in a research note on Thursday, April 24th. They now have a $126.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of United Technologies in a research note on Wednesday, April 23rd. They now have a $125.00 price target on the stock.
United Technologies (NYSE:UTX) traded down 0.59% on Thursday, hitting $115.44. The stock had a trading volume of 473,773 shares. United Technologies has a one year low of $92.42 and a one year high of $120.66. The stock has a 50-day moving average of $116.8 and a 200-day moving average of $114.9. The company has a market cap of $105.8 billion and a P/E ratio of 18.78.
United Technologies (NYSE:UTX) last released its earnings data on Tuesday, April 22nd. The company reported $1.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.27 by $0.05. The company had revenue of $14.75 billion for the quarter, compared to the consensus estimate of $14.74 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts expect that United Technologies will post $6.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 10th. Investors of record on Friday, August 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 2.03%. The ex-dividend date of this dividend is Wednesday, August 13th.
United Technologies Corporation (NYSE:UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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