Somewhat Positive News Coverage Somewhat Unlikely to Affect United Technologies Corporation (UTX) Stock Price
News coverage about United Technologies Corporation (NYSE:UTX) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. United Technologies Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news headlines about the conglomerate an impact score of 46.7166115098807 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Low Revenues to Hurt United Technologies (UTX) Q3 Earnings? (finance.yahoo.com)
- United Technologies (UTX) Industry Group Rank Hurts Rating – Investorplace.com (investorplace.com)
- Why UTX’s Dividend Yield Is on a Downward Trajectory (finance.yahoo.com)
- $1.69 EPS Expected for United Technologies Corporation (UTX) This Quarter (americanbankingnews.com)
- Intraday Trade Secrets: United Technologies Corporation (NYSE: UTX) – Alpha Beta Stock (alphabetastock.com)
United Technologies Corporation (UTX) opened at 120.93 on Friday. United Technologies Corporation has a 1-year low of $99.08 and a 1-year high of $124.79. The stock’s 50 day moving average is $115.48 and its 200-day moving average is $118.37. The firm has a market cap of $96.60 billion, a P/E ratio of 18.42 and a beta of 1.05.
United Technologies Corporation (NYSE:UTX) last announced its quarterly earnings data on Tuesday, July 25th. The conglomerate reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.07. The firm had revenue of $15.28 billion during the quarter, compared to the consensus estimate of $15.24 billion. United Technologies Corporation had a return on equity of 18.07% and a net margin of 9.15%. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 EPS. Analysts forecast that United Technologies Corporation will post $6.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Investors of record on Friday, November 17th will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 2.32%. The ex-dividend date is Thursday, November 16th. United Technologies Corporation’s dividend payout ratio is currently 42.68%.
Several research analysts have recently issued reports on UTX shares. BidaskClub raised United Technologies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. Royal Bank Of Canada reissued a “hold” rating and issued a $125.00 target price on shares of United Technologies Corporation in a research note on Friday, July 7th. Stifel Nicolaus reissued a “hold” rating and issued a $126.00 target price on shares of United Technologies Corporation in a research note on Friday, July 7th. UBS AG boosted their target price on shares of United Technologies Corporation to $135.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $138.00 target price (up previously from $132.00) on shares of United Technologies Corporation in a research note on Monday, July 10th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $125.27.
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About United Technologies Corporation
United Technologies Corporation is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. Otis operates as an elevator and escalator manufacturing, installation and service company.
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