United Technologies Corp. Analysts Rating Update

United Technologies Corp

On Monday, United Technologies touched its 52-week high. The company share price reached to $121.38 beating its last 52-week high of $1221.25, with a trading volume of 3,802,100 shares. The share closed at $119.59 previously.

Several research reports have covered United Technologies (NASDAQ:UTX). The Deutsche Bank analysts reiterated a rating of Buy and set a new target price of $131 on UTX shares on Thursday 12th February research report.

Argus analysts increased their price target to $137 from previous $132 on UTX stock and reiterated a buy rating on Tuesday 3rd February.

Zacks analysts set a target price of $123 and reiterated neutral rating on shares of UTX on Thursday 29th January. Lastly, S&P Equity Research Analysts reduced its rating on UTX shares to a Hold on 27th January research note.

Out of 20 analysts having coverage on united technologies stock , 16 have assigned it a Buy rating and 4 research analysts have given a hold rating to company’s stock. On an average, the company has an average target price of $127.94 and consensus rating of Buy.

United technologies announced its last quarter earnings on 2nd January. The company announced earnings per share of $1.62 for the quarter covering from October to December falling just short of Thomas Reuter’s estimation of $1.63 by 1 cent. Company had quarterly revenue of $17 billion less than the expectation of $17.15 by analysts. During the similar quarter the previous year, UTX reported earnings of $1.67 per share. Overall, analysts’ expects that the company will post earnings of $7.03 per share for the fiscal year 2014.

United Technologies announced a quarterly dividend lately to be paid on 10th march Tuesday. Shareholders of the record of February 13th will be given a dividend of 64 cents against each share they hold, more than the previous dividend of 59 cents. This signifies an annual dividend of $2.56 and 2.11% dividend yield.

UTX offers high-tech products and services to aerospace industries all over the world and to the building system.it operates in six segments.

United Technologies  Corporation  (NASDAQ:UTX )stock is up by 0.32%, with share price of $122.38 at after hour trading  as of 07:01 PM on Wednesday February 18th, with 30-days mean volume of 4.38 million shares. The American Multi-national company has a 52-week low of $97.30, and a 52-week high of $122.66, with market cap of $110.20 billion and price to earnings ratio of 17.89.

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