Analyst Ratings for United Technologies Corp. (UTX)Updated: 2017-07-28
Analysts covering United Technologies Corp. (NYSE:UTX) have given it a consensus rating of Overweight. About 30 days ago, UTX was issued an average rating of Overweight.
A buy rating was issued by 9 analysts, 1 gave an overweight rating, 14 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 0 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Investment analysts gave a few price targets for UTX. The most optimistic price target was 140, which equates to a potential upside of 17.95 percent. The minimum price target given was 117, which equates to a potential downside of -1.42 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -0.87 percent. That number becomes -1.15 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 0 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 0.23 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 6 analysts made negative revisions. Also over the last month, 2 analysts increased their estimates for the FY earnings, compared to 2 analysts that revised their FY estimates downwards.
UTX has an estimated earnings growth rate of -0.5 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. UTX has a PEG ratio of -36.16.
In the trailing 52-weeks, UTX hit 124.79 at the highest peak, while it's lowest trading point was 97.62. The current market price is above the trailing year's low by 21.58 percent, and 4.89 percent lower than its 52-week high. UTX has a P/E ratio of 18.08. Investors typically compare the P/E ratio to a company's peers in the industry. The UTX value stock report compares UTX to some of its peers using value stock charts. The market cap of UTX is $95.78 billion. UTX is estimated to release their earnings results for the quarter on 0000-00-00, days from today.