Analyst Rating Update on United Technologies Corporation (UTX)

United Technologies Corporation (UTX) : The consensus on United Technologies Corporation (UTX) based on 14 analyst recommendation on the company stock is 2.32, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

United Technologies Corporation (UTX) : Average target price received by United Technologies Corporation (UTX) is $109.91 with an expected standard deviation of $13.91. The most aggressive target on the stock is $130, whereas the most downbeat target is $74. 11 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Barclays maintains its outlook on United Technologies Corporation (NYSE:UTX). The current rating of the shares is Equalweight, according to the research report released by the firm. The brokerage firm raises the price target from $108 per share to $110 per share. The rating by the firm was issued on July 27, 2016.


United Technologies Corporation (NYSE:UTX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $106.27 and $106.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $106.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $106.29, notching a gain of 0.02% for the day. The total traded volume was 2,985,179 . The stock had closed at $106.27 on the previous day.

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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