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Company Update: United Technologies Corp (NYSE:UTX) – New United Technologies Goals Advance Sustainable Urbanization

[PR Newswire] – New sustainability goals encompass UTC business operations, products and suppliers. UTC is on track for an 80 percent reduction in greenhouse gas emissions by 2050. Over 20 years, UTC has cut water use in half and lowered GHG emissions by a third while growing sales more than 200 percent. Read more on this. United Technologies Corporation (UTX) , currently valued at $73.97B, ended trading yesterday at $88.12. Today’s price range has been between $88.31 and $88.75 per share and has traded between $83.39 and $124.45 over the past year. Priced at 13.20x this year’s forecasted earnings, UTX shares are 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%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $1.40 per share, which would be $0.18 worse than the year-ago quarter and a $0.06 sequential decrease. The full-year EPS estimate is $6.51, which would be a $0.22 better than last year. 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. Given all the information above, we should disclose to readers that the average price target is $105.88, which is 20.15% above than it opened this morning. See more in (NYSE:UTX) Similar Articles: Stock Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Fourth Quarter Earnings Advisory to Securities Analysts, Investors and News Media Company Update: United Technologies Corp (NYSE:UTX) – Jim Cramer Says Buy SAP, United Technologies on a Pullback Company Update: United Technologies Corp (NYSE:UTX) – United Technologies Corp. Third Quarter Earnings Advisory to Securities Analysts, Investors and News Media
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