Stock Update (NYSE:UTX): UTC Aerospace Systems supports exciting new chapter in commercial aviation

[PR Newswire] – CHARLOTTE, N.C., Jan. 27, 2016 /PRNewswire/ — UTC Aerospace Systems joins Airbus in celebrating the entry into service of the first A320neo. Airbus has reported that nearly 80 airlines have placed approximately 4,500 orders for the A320neo aircraft. UTC Aerospace Systems is a unit of United Technologies Corp. (UTX). Read more on this. United Technologies Corporation (UTX) , valued at $76.80B, started trading this morning at $85.70. Today, shares have traded between $84.75 and $87.57 per share with its 52-week range being $83.39 to $124.45. UTX shares are currently priced at 13.52x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.78x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.56 per share annually in dividends, yielding 2.96%. According to a consensus of 19 analysts, the earnings estimate of $1.52 per share would be $0.10 worse than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.28 is a $0.54 setback 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 $15.35 Billion. If realized, that would be a 9.71% decrease over the year-ago quarter. In terms of ratings, Bernstein downgraded UTX from Outperform to Mkt Perform (Jan 8, 2016). Previously, Sterne Agee CRT downgraded UTX from Buy to Neutral. Investors should keep in mind is that the average price target is $107.06, which is 24.92% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems donates $100,000 to help support wounded service members through Wounded Warrior Project Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems Helps Enable Mitsubishi Regional Jet First Flight Market Update (NYSE:UTX): FAA Selects UTC Aerospace Systems to Develop Greener Advanced Nacelle Technologies for Its CLEEN II Initiative