Market Update: United Technologies Corp (NYSE:UTX) – Small Planet Airlines selects UTC Aerospace Systems for Customized Interior LED Cabin Lighting

[PR Newswire] – CHARLOTTE, N.C., April 5, 2016 /PRNewswire/ — Small Planet Airlines has selected UTC Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX) to retrofit existing fluorescent lighting systems … Read more on this. United Technologies Corporation (UTX) , valued at $83.89B, started trading this morning at $99.75. Looking at the stock, its one day range is $99.34 to $100.33 with a one year range of $83.39 to $119.66. UTX shares are currently priced at 15.38x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.91x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.56 per share annually in dividends, yielding 2.56%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.39 per share, which would be $0.19 worse than the year-ago quarter and a $0.07 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.50 is a $0.21 improvement 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 $13.14 Billion. If realized, that would be a 9.63% decrease over the year-ago quarter. Recently, RBC Capital Mkts upgraded UTX from Sector Perform to Outperform (Mar 1, 2016). Previously, Bernstein downgraded UTX from Outperform to Mkt Perform. With the above information in mind, readers should note that the average price target is $104.79, which is 5.05% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Company Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems to supply three additional systems for Boeing’s 777X Company Update: United Technologies Corp (NYSE:UTX) – Boeing Selects UTC Aerospace Systems for Continued Sustainment of Landing Gear Systems for the U.S. Air Force Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems Helps Enable Mitsubishi Regional Jet First Flight
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