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Equities researchers at Sanford C. Bernstein lifted their price objective on shares of United Technologies Corp. (NYSE:UTX) from $98.00 to $117.00 in a research report issued on Thursday, Analyst Ratings Network reports. Sanford C. Bernstein’s target price suggests a potential upside of 11.65% from the company’s current price.
A number of other analysts have also recently weighed in on UTX. Analysts at Morgan Stanley raised their price target on shares of United Technologies Corp. from $108.00 to $110.00 in a research note to investors on Wednesday. Separately, analysts at Credit Suisse raised their price target on shares of United Technologies Corp. from $98.00 to $114.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of United Technologies Corp. from $105.00 to $120.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock.
Four analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $110.65.
Shares of United Technologies Corp. (NYSE: UTX) traded down 0.32% during mid-day trading on Thursday, hitting $104.45. United Technologies Corp. has a 52 week low of $72.64 and a 52 week high of $105.66. The stock’s 50-day moving average is currently $96.64. The company has a market cap of $96.021 billion and a P/E ratio of 15.69.
United Technologies Corp. (NYSE:UTX) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.65 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.58 by $0.07. The company had revenue of $16.00 billion for the quarter, compared to the consensus estimate of $16.41 billion. During the same quarter last year, the company posted $1.58 earnings per share. United Technologies Corp.’s revenue was up 15.9% compared to the same quarter last year. United Technologies Corp. has set its FY13 guidance at $6.00-6.15 EPS. On average, analysts predict that United Technologies Corp. will post $6.14 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 10th. Shareholders of record on Friday, August 16th will be given a dividend of $0.54 per share. This represents a $2.14 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date of this dividend is Wednesday, August 14th.
United Technologies Corporation (NYSE: UTX) provides high technology products and services to the building systems and aerospace industries worldwide.Image may be NSFW.
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