United Technologies (NYSE:UTX)‘s stock had its “hold” rating reiterated by analysts at Cowen in a report issued on Thursday. They currently have a $141.00 target price on the conglomerate’s stock. Cowen’s price objective points to a potential upside of 18.04% from the stock’s current price.
Other analysts have also issued reports about the stock. UBS Group assumed coverage on shares of United Technologies in a research note on Wednesday, August 15th. They set a “buy” rating for the company. ValuEngine raised shares of United Technologies from a “hold” rating to a “buy” rating in a research note on Friday, September 14th. Royal Bank of Canada cut their target price on shares of United Technologies to $148.00 and set an “outperform” rating for the company in a research note on Wednesday, October 24th. Zacks Investment Research raised shares of United Technologies from a “hold” rating to a “buy” rating and set a $159.00 target price for the company in a research note on Tuesday, September 25th. Finally, Wolfe Research set a $147.00 target price on shares of United Technologies and gave the company a “buy” rating in a research note on Monday, November 26th. Four research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $151.58.
Shares of NYSE:UTX opened at $119.45 on Thursday. The company has a market capitalization of $96.81 billion, a PE ratio of 17.96, a P/E/G ratio of 1.84 and a beta of 1.07. United Technologies has a twelve month low of $115.40 and a twelve month high of $144.15. The company has a quick ratio of 1.17, a current ratio of 1.52 and a debt-to-equity ratio of 1.12.
United Technologies (NYSE:UTX) last released its earnings results on Tuesday, October 23rd. The conglomerate reported $1.93 EPS for the quarter, beating the consensus estimate of $1.82 by $0.11. United Technologies had a net margin of 7.76% and a return on equity of 17.70%. The business had revenue of $16.51 billion during the quarter, compared to analyst estimates of $16.10 billion. During the same period in the prior year, the business earned $1.73 earnings per share. The business’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts forecast that United Technologies will post 7.18 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in UTX. Credit Agricole S A raised its holdings in shares of United Technologies by 101.4% during the second quarter. Credit Agricole S A now owns 866 shares of the conglomerate’s stock valued at $109,000 after acquiring an additional 436 shares during the period. Fort L.P. acquired a new stake in shares of United Technologies during the second quarter valued at approximately $120,000. Psagot Investment House Ltd. acquired a new position in United Technologies in the 3rd quarter valued at approximately $134,000. Adalta Capital Management LLC acquired a new position in United Technologies in the 2nd quarter valued at approximately $163,000. Finally, Integrated Investment Consultants LLC acquired a new position in United Technologies in the 2nd quarter valued at approximately $197,000. Institutional investors and hedge funds own 82.10% of the company’s stock.
About United Technologies
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs passenger and freight elevators, escalators, and moving walkways; and offers modernization products to upgrade elevators and escalators, as well as maintenance and repair services.
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