Analyst Estimates

Analyst Insights on Price Target Estimates: United Technologies Corporation (NYSE:UTX)

United Technologies Corporation (NYSE:UTX) soared 0.90% during previous trade, a total of 2.47M shares exchanged hands compared with its average trading volume of 2.77M shares whereas its relative volume is 0.84. The stock has a market capitalization of $90.83B along with 805.86M outstanding shares. Stock’s intraday price range hit the peak level of $114.31 and touched the lowest level of $112.81.

Most recently United Technologies Corporation (NYSE:UTX)’s price target was revised on 4/17/17 and according to 19 analysts stock’s price will reach at $118.66 during 52 weeks with standard deviation of 7.98. Stock’s minimum price target estimates has been figured out at $109.60 while the maximum price target forecast is established at $130, if we look at the price target with an optimistic approach it has upside potential of 14% from its latest closing price of $113.94.

Historically, if we look at price target revisions, two week ago United Technologies Corporation (NYSE:UTX)’s price target was revised on 4/04/17 by the analysts, however the bullish price estimates of the stock set at $130 while the bearish estimates kept at $102 over the next one year. Stock’s 52-week target was retained at $117.58, the estimates indicates a standard deviation of 7.82.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 2.28. ABR value is precisely based on brokerage recommendations, where out of 16 brokerage recommendations 6 rate United Technologies Corporation (NYSE:UTX) stock a Strong Buy, 1 rate the stocks of the company a Buy, 8 rate Hold, 0 rate Sell and 1 recommend a Strong Sell. Most recently on 1/26/17 the stock of United Technologies Corporation (NYSE:UTX) downgraded by Argus from Buy to Hold. However previously on 12/19/16 it was upgraded by Credit Suisse from Neutral to Outperform. A research note issued on 10/10/16 the stock was downgraded by Citigroup from Buy to Neutral.

United Technologies Corporation (NYSE:UTX) performance over the past one year soared 10.68% whereas its year to date (YTD) performance indicated a bullish trend of 4.56%. During the last six months the stock climbed 15.34%. Quarterly performance of the company shows optimistic momentum of 3.51% while its last one month trend is positive with 1.59%. Stock’s weekly performance expressed up trend of 1.51%.

The company’s price sits 1.54% above from its 50-day moving average of $112.49 and 6.67% far from the stock’s 200-day moving average which is $108.80. United Technologies Corporation (NYSE:UTX)’s shares are currently trading -0.44% away from the 52-week high price of $114.44 and +19.75% far from the 52-week low price of $95.15.

According to consensus agreement of 19 analysts United Technologies Corporation (NYSE:UTX) will report earnings per share of $1.4 in their quarterly report and it is expected to announce the company’s results on 4/26/17 Before Market Open. For the current quarter the company has high EPS estimates of $1.49 in contradiction of low EPS estimates of $1.36. However a year ago for the same quarter the company has reported $1.47 EPS. Current year EPS projections for United Technologies Corporation (NYSE:UTX) set at $6.55 according to the sentiments of 21 analysts, while its lowest earnings estimates are $6.42 and highest earnings estimates are $6.61.

According to 16 analysts, United Technologies Corporation (NYSE:UTX)’s revenue estimates for the current quarter are $13.49B meanwhile the company has high revenue estimates of $13.79B in contradiction of low revenue estimates of $12.85B. For the current year the company’s revenue estimates are $58.75B compared to low analyst estimates of $58.23B and high estimates of $59.46B according to the projection of 20 analysts.

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