Stock Update (NYSE:UTX): United Technologies to present at Cowen and Company 37th Annual Aerospace/Defense Conference

[PR Newswire] – FARMINGTON, Conn., Jan. 29, 2016 /PRNewswire/ — A webcast of United Technologies Corp. (NYSE: UTX) Executive Vice President and Chief Financial Officer Akhil Johri speaking at the Cowen and Company 37 … Read more on this. United Technologies Corporation (UTX) , with a current value of $77.78B, started trading this morning at $86.88. Today, shares have traded between $86.76 and $87.69 per share and has traded between $83.39 and $124.45 over the past year. UTX shares are currently priced at 13.30x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.53x earnings multiple for the same period. The company pays shareholders $2.56 per share annually in dividends, yielding 2.99%. According to a consensus of 16 analysts, the earnings estimate of $1.41 per share would be $0.17 worse than the year-ago quarter and a $0.04 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $6.50, which would be a $0.21 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $13.11 Billion. If realized, that would be a 9.83% decrease over the year-ago quarter. More recently, Bernstein downgraded UTX from Outperform to Mkt Perform (Jan 8, 2016). Previously, Sterne Agee CRT downgraded UTX from Buy to Neutral. When considering if the stock is under or overvalued, the average price target is $106.18, which is 22.21% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Market Update: United Technologies Corp (NYSE:UTX) – Morning Analysis on Aerospace/Defense Products & Services Stocks — United Technologies, The Boeing, General Dynamics, and Lockheed Martin Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems Helps Enable Mitsubishi Regional Jet First Flight
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