United Technologies Corporation (UTX) : 5 brokerage houses believe that United Technologies Corporation (UTX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on United Technologies Corporation (UTX). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 2.32.
United Technologies Corporation (UTX) stock is expected to deviate a maximum of $12.4 from the average target price of $110.46 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $130 and the most muted being $80.
For the current week, the company shares have a recommendation consensus of Buy. 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 $108.50 and $108.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $109.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $109.18, notching a gain of 0.98% for the day. The total traded volume was 2,005,188 . The stock had closed at $108.12 on the previous day.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (President, Otis Elevator) of United Technologies Corp /De/, Delpech Philippe had sold 40,800 shares worth of $4,394,976 in a transaction dated July 28, 2016. In this transaction, 40,800 shares were sold at $107.72 per share.
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.