Skip to main content

Stock Update (NYSE:UTX): Pratt & Whitney Continues Successful Jet Engine Oil Testing Program with ExxonMobil and NYCO

[PR Newswire] – EAST HARTFORD, Conn., Feb. 29, 2016 /PRNewswire/ — Pratt & Whitney, a division of United Technologies Corp. ( NYSE:UTX ), has conducted successful testing of ExxonMobil’s Mobil JET™ Oil II and Mobile Jet™ … Read more on this. United Technologies Corporation (UTX) , currently valued at $81.05B, began trading this morning at $97.43. Today, shares have traded between $96.90 and $98.81 per share with its 52-week range being $83.39 to $123.50. UTX shares are currently priced at 15.01x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 40.95x earnings multiple. The company pays shareholders $2.56 per share annually in dividends, yielding 2.61%. According to a consensus of 19 analysts, the earnings estimate of $1.40 per share would be $0.18 worse than the year-ago quarter and a $0.06 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.51 is a $0.22 better 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 $13.15 Billion. If realized, that would be a 9.56% 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 $104.42, which is 7.17% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Stock Update: United Technologies Corp (NYSE:UTX) – Honeywell says had offered to buy United Tech for $90.7 billion Stock Update (NYSE:UTX): Singapore Airlines selects UTC Aerospace Systems C.A.R.E. program for A350 maintenance Stock Update (NYSE:UTX): UTC Appoints Robert Leduc As President Of Pratt & Whitney; Paul R. Adams To Retire
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.