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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

[PR Newswire] – CHARLOTTE, N.C., Feb. 9, 2016 /PRNewswire/ — UTC Aerospace Systems has been selected by The Boeing Company (NYSE: BA) to continue to provide landing gear in support of the United States Air Force fleet … Read more on this. United Technologies Corporation (UTX) , currently valued at $77.48B, opened at $86.26. Today, shares have traded between $85.93 and $87.47 per share with a trailing 52-week range being $83.39 to $124.45. UTX shares are currently priced at 13.31x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 42.68x earnings multiple. The company pays shareholders $2.56 per share annually in dividends, yielding 2.91%. In a review of the consensus earnings estimate this quarter, 16 sell-side analysts are looking at $1.40 per share, which would be $0.18 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $6.52 which would be a $0.23 improvement than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.13 Billion. If reported, that would be a 9.70% 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 perhaps the stock is under or overvalued, the average price target is $105.88, which is 22.75% 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 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
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