Market Update (NYSE:UTX): Onity DirectKey™ System for Mobile Access Launched and Expanding at Hilton Properties

[PR Newswire] – SALEM, Ore., Feb. 17, 2016 /PRNewswire/ — Onity, a leading provider of electronic access solutions to the hospitality industry , today announced it is supplying its DirectKey™ mobile access solution to Hilton Worldwide, enabling guests to use their smartphone as their room key. The Onity DirectKey system uses cloud-based key credentialing and Bluetooth® technology to allow hotel guests to securely download their assigned key to their smartphone through the hotel’s loyalty app for easy access to their guest room and other access-controlled areas. Onity is part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (UTX). Read more on this. United Technologies Corporation (UTX) , valued at $73.69B, opened this morning at $86.71. Looking at today’s trading action, the company’s one day range from $86.64 to $88.49 and has traded between $83.39 and $124.45 over the past year. 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 passive income investors, the company pays shareholders $2.56 per share annually in dividends, yielding 2.98%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.40 per share, which 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 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $13.16 Billion. If reported, 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. The average price target for UTX shares by the analysts covering it is $105.88, which is 22.11% above where the stock opened. See more in (NYSE:UTX) Similar Articles: Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems Helps Enable Mitsubishi Regional Jet First Flight Market Update: United Technologies Corp (NYSE:UTX) – CH-53K Helicopter Achieves First Flight Market Update: United Technologies Corp (NYSE:UTX) – United Technologies Research Centre Ireland leads Clean Sky 2 contract