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Stock Update (NYSE:UTX): Singapore Airlines selects UTC Aerospace Systems C.A.R.E. program for A350 maintenance

[PR Newswire] – SINGAPORE, Feb. 16, 2016 /PRNewswire/ — SINGAPORE AIRSHOW — UTC Aerospace Systems has signed a 12-year agreement with Singapore Airlines to provide asset management and repair services for the airline’s … Read more on this. United Technologies Corporation (UTX) , with a current value of $72.33B, opened this morning at $87.25. A quick look at the market, the company’s stock traded between $85.56 and $87.50 with its 52-week range being $83.39 to $124.45. UTX shares are currently priced at 13.20x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 40.18x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.56 per share annually in dividends, yielding 2.98%. According to a consensus of 18 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. Investors should also note that the full-year EPS estimate of $6.51 is a $0.22 improvement 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 $13.16 Billion. If realized, that would be a 9.49% decrease over the year-ago quarter. In terms of ratings, 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 21.35% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: 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 Stock Update (NYSE:UTX): UTC Aerospace Systems supports exciting new chapter in commercial aviation Market Update (NYSE:UTX): FAA Selects UTC Aerospace Systems to Develop Greener Advanced Nacelle Technologies for Its CLEEN II Initiative
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