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Market Update: United Technologies Corp (NYSE:UTX) – United Technologies Appoints Vince Campisi as Senior Vice President, Digital, and Chief Information Officer

[PR Newswire] – FARMINGTON, Conn., June 24, 2016 /PRNewswire/ — United Technologies Corp. (NYSE: UTX) today announced the appointment of Vince Campisi as Senior Vice President, Digital, and Chief Information Officer, … Read more on this. United Technologies Corporation (UTX) , with a current value of $83.37B, opened this morning at $99.42. Today’s price range has been between $99.14 and $100.41 per share with its 52-week range being $83.39 to $114.65. UTX shares are currently priced at 15.60x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 26.10x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.64 per share annually in dividends, yielding 2.60%. According to a consensus of 19 analysts, the earnings estimate of $1.69 per share would be $0.04 worse than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $6.56 would be a $0.27 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $14.66 Billion. If realized, that would be a 10.23% decrease over the year-ago quarter. More recently, RBC Capital Mkts downgraded UTX from Outperform to Sector Perform (May 3, 2016). Previously, Goldman downgraded UTX from Buy to Neutral. The average price target for UTX shares by the analysts covering it is $111.78, which is 12.43% above where the stock opened. See more in (NYSE:UTX) Similar Articles: Company Update (NASDAQ:QCOM): Qualcomm Appoints Mary Gendron as Senior Vice President and Chief Information Officer Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies Prices Offering of Euro-Denominated Senior Notes Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Fourth Quarter Earnings Advisory to Securities Analysts, Investors and News Media
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