Short Term Price Target on United Technologies Corporation (UTX)

United Technologies Corporation (NYSE:UTX) : The highest level United Technologies Corporation (NYSE:UTX) is projected to reach is $118 for the short term and the lowest estimate is at $74. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $107.75 and the possibility the share price can swing is $11.77.

Shares of United Technologies Corporation rose by 0.21% in the last five trading days and 2.19% for the last 4 weeks. United Technologies Corporation is up 3.26% in the last 3-month period. Year-to-Date the stock performance stands at 8.26%. Also, In a research note released to the investors, RBC Capital downgrades its rating on United Technologies Corporation (NYSE:UTX).The analysts at the brokerage house have a current rating of Sector Perform on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 3, 2016.

United Technologies Corporation (NYSE:UTX) has an average broker rating of 2.37, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

United Technologies Corporation (NYSE:UTX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $100.87 and $100.57 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $102.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $102.55, notching a gain of 2.07% for the day. The total traded volume was 5,837,739 . The stock had closed at $100.47 on the previous day.

In an insider trading activity, The Securities and Exchange Commission has divulged that Gill Charles D, officer (Executive VP & General Counsel) of United Technologies Corp /De/, had unloaded 8,958 shares at an average price of $102.04 in a transaction dated on June 8, 2016. The total value of the transaction was worth $914,074.

United Technologies Corporation (UTC) provides high technology products and services to the building systems and aerospace industries across the world. The Company operates through five segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney; UTC Aerospace Systems and Sikorsky. Otis designs, manufactures, sells and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions. Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. UTC Aerospace Systems is a global provider of technologically advanced aerospace products and aftermarket service solutions. Its Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services.

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