Market Update (NYSE:UTX): United Technologies to present at Deutsche Bank Global Industrials & Basic Materials Summit

[PR Newswire] – FARMINGTON, Conn., June 2, 2016 /PRNewswire/ — A webcast of United Technologies Corp. (NYSE: UTX) Executive Vice President and Chief Financial Officer Akhil Johri speaking at the Deutsche Bank Global … Read more on this. United Technologies Corporation (UTX) , valued at $84.35B, started trading this morning at $100.25. Today’s price range has been between $100.07 and $100.81 per share and has traded between $83.39 and $118.42 over the past 12 months. Priced at 15.31x this year’s forecasted earnings, UTX shares are relatively inexpensive compared to the industry’s 24.92x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $2.64 per share annually in dividends, yielding 2.62%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.69 per share, which would be $0.04 worse than the year-ago quarter and a $0.00 sequential decrease. The full-year EPS estimate is $6.56, which would be a $0.27 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $14.66 Billion. If reported, that would be a 10.23% decrease over the year-ago quarter. Recently, RBC Capital Mkts downgraded UTX from Outperform to Sector Perform (May 3, 2016). Previously, Goldman downgraded UTX from Buy to Neutral. Investors should keep in mind is that the average price target is $111.67, which is 11.39% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Market Update: Illinois Tool Works Inc (NYSE:ITW) – ITW to Present at Deutsche Bank Global Industrials and Materials Summit Stock Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Deutsche Bank Global Industrials and Materials Summit Market Update (NYSE:BA): Boeing Defense, Space & Security CEO Caret to Speak at Deutsche Bank Global Industrials and Materials Summit June 8