Market Update: United Technologies Corp (NYSE:UTX) – All Nippon Airways extends long-term agreement with UTC Aerospace Systems

[PR Newswire] – CHARLOTTE, N.C., April 6, 2016 /PRNewswire/ — All Nippon Airways (ANA) has extended its On-Site Support (OSS) agreement with UTC Aerospace Systems for ANA’s fleet of Boeing and Airbus aircraft. UTC Aerospace … Read more on this. United Technologies Corporation (UTX) , with a current value of $83.98B, opened this morning at $99.59. Today, shares have traded between $98.42 and $100.54 per share with the price of the stock fluctuating between $83.39 to $119.66 over the last 52 weeks. UTX shares are currently priced at 15.36x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.91x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.56 per share annually in dividends, yielding 2.56%. According to a consensus of 19 analysts, the earnings estimate of $1.39 per share would be $0.19 worse than the year-ago quarter and a $0.07 sequential decrease. Investors should also note that the full-year EPS estimate of $6.50 is a $0.21 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 $13.14 Billion. If realized, that would be a 9.63% decrease over the year-ago quarter. In terms of ratings, RBC Capital Mkts upgraded UTX from Sector Perform to Outperform (Mar 1, 2016). Previously, Bernstein downgraded UTX from Outperform to Mkt Perform. The average price target for UTX shares by the analysts covering the stock is $104.84, which is 5.27% above where the stock opened this morning. See more in (NYSE:UTX) Similar Articles: Company Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems to supply three additional systems for Boeing’s 777X 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 Market Update: United Technologies Corp (NYSE:UTX) – UTC Aerospace Systems Helps Enable Mitsubishi Regional Jet First Flight