United Technologies (NYSE: UTX)‘s stock had its “buy” rating restated by analysts at TheStreet in a research report issued to clients and investors on Thursday.
The analysts wrote, “United Technologies (UTX) has been reiterated by TheStreet Ratings as a buy with a ratings score of B+ . The company’s strengths can be seen in multiple areas, such as its revenue growth, increase in net income, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.”
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of United Technologies from $94.00 to $98.00 in a research note to investors on Tuesday, February 19th. Separately, analysts at Argus reiterated a “buy” rating on shares of United Technologies in a research note to investors on Thursday, January 31st. They now have a $100.00 price target on the stock, up previously from $8.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of United Technologies in a research note to investors on Tuesday, January 29th. They now have a $94.00 price target on the stock.
United Technologies opened at 91.07 on Thursday. United Technologies has a 52-week low of $70.71 and a 52-week high of $91.86. The stock’s 50-day moving average is currently $89.35. The company has a market cap of $83.478 billion and a price-to-earnings ratio of 16.09.
United Technologies last announced its earnings results on Wednesday, January 23rd. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.01. The company had revenue of $16.44 billion for the quarter, compared to the consensus estimate of $16.64 billion. During the same quarter in the previous year, the company posted $1.42 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. United Technologies has set its FY13 guidance at $5.85-6.15 EPS. Analysts expect that United Technologies will post $6.09 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Sunday, March 10th. Shareholders of record on Friday, February 15th will be given a dividend of $0.54 per share. This represents a $2.14 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Wednesday, February 13th.
United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries worldwide.
To view TheStreet’s full report, visit www.thestreetratings.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.