United Technologies Given Neutral Rating at Goldman Sachs (UTX)
“UTX believes its YTD order momentum supports its EPS forecast. Sequestration is a downside risk to guidance, while below the operating line items – pension, tax, FX – are a source of upside (relative to initial guidance provided in December)…We remain Neutral on UTX and there is no change to any of our estimates or price target. UTX trades at 13.3X CY2014E P/E, vs. its 5-year historical average of 13.8X, and a 7% premium to the current Aerospace group average, vs. its 5-year historical average premium of 3%.,” Goldman Sachs’ analyst commented.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sterne Agee reiterated a buy rating on shares of United Technologies in a research note to investors on Tuesday, March 12th. They now have a $99.00 price target on the stock. Separately, analysts at UBS AG raised their price target on shares of United Technologies from $91.00 to $105.00 in a research note to investors on Tuesday, March 12th. They now have a buy rating on the stock. Finally, analysts at TheStreet reiterated a buy rating on shares of United Technologies in a research note to investors on Thursday, March 7th.
Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. United Technologies presently has an average rating of Buy and an average price target of $97.13.
Shares of United Technologies (NYSE: UTX) opened at 92.77 on Friday. United Technologies has a one year low of $70.71 and a one year high of $93.58. The stock’s 50-day moving average is currently $90.49. The company has a market cap of $85.037 billion and a P/E ratio of 16.39.
United Technologies Corporation (NYSE: UTX) provides high technology products and services to the building systems and aerospace industries worldwide.
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