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Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems Next-Gen Sensor Selected for Global Hawk UAS

[PR Newswire] – FARNBOROUGH AIR SHOW, July 11, 2016 /PRNewswire/ — UTC Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), was awarded a contract to support the integration and testing of the MS-177 multi-spectral … Read more on this. United Technologies Corporation (UTX) , with a current market cap of $87.13B, started the session at $103.66. Looking at today’s market, UTX one day range is $103.66 to $104.36 with the price of the stock fluctuating between $83.39 to $112.36 over the last 52 weeks. UTX shares are currently priced at 15.83x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 21.99x earnings multiple. And for passive income investors, the company pays shareholders $2.64 per share annually in dividends, yielding 2.55%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.68 per share, which would be $0.05 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $6.55, which would be a $0.26 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.67 Billion. If reported, that would be a 10.17% 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. When considering if perhaps the stock is under or overvalued, the average price target is $111.35, which is 7.42% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Market Update: United Technologies Corp (NYSE:UTX) – Emirates Airline selects UTC Aerospace Systems C.A.R.E. program for A380 maintenance Company Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems to supply three additional systems for Boeing’s 777X Company Update: United Technologies Corp (NYSE:UTX) – Boeing Selects UTC Aerospace Systems for Continued Sustainment of Landing Gear Systems for the U.S. Air Force
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