United Technologies Corporation (NYSE:UTX) stock went on an upward path that rose over 0.23% on Tuesday, amounting to a one-week price increase of more than 4.12%. Over the last 12 months, UTX stock rose by 16.02%. The one-year UTX stock forecast points to a potential downside of -0.06, with the average price target set at $160.94 per share. The average equity rating for UTX stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for UTX stock reached $124.94 billion, with 845.02 million shares outstanding and 845.02 million shares in the current float. Compared to the average trading volume of 2.86M shares, UTX reached a trading volume of 4057549 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about United Technologies Corporation (UTX):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UTX shares is $157.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UTX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for United Technologies Corporation shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 03, 2019. While these analysts kept the previous recommendation, BofA/Merrill raised their target price from $185 to $195. The new note on the price target was released on July 25, 2019, representing the official price target for United Technologies Corporation stock. Previously, the target price had yet another raise from $135 to $150, while Cowen kept a Outperform rating on UTX stock.
The Average True Range (ATR) for United Technologies Corporation is set at 2.27, with the Price to Sales ratio for UTX stock in the period of the last 12 months amounting to 1.65. The Price to Book ratio for the last quarter was 3.12, with the Price to Cash per share for the same quarter was set at 8.69. Price to Free Cash Flow for UTX in the course of the last twelve months was 34.97 with Quick ratio for the last quarter at 0.70.
UTX stock trade performance evaluation
United Technologies Corporation (UTX) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.12. With this latest performance, UTX shares gained by 11.43% in over the last four-week period, additionally plugging by 7.86% over the last 6 months – not to mention a rise of 16.02% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UTX stock in for the last two-week period is set at 73.27, with the RSI for the last a single of trading hit 77.74, and the three-weeks RSI is set at 68.71 for United Technologies Corporation (UTX). The present Moving Average for the last 50 days of trading for this stock 136.41, while it was recorded at 145.89 for the last single week of trading, and 131.22 for the last 200 days.
United Technologies Corporation (UTX): An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and United Technologies Corporation (UTX) shares currently have an operating margin of +10.95 and a Gross Margin at +25.04. United Technologies Corporation’s Net Margin is presently recorded at +7.93.
Return on Total Capital for UTX is now 10.02, given the latest momentum, and Return on Invested Capital for the company is 7.85. Return on Equity for this stock inclined to 15.48, with Return on Assets sitting at 4.56. When it comes to the capital structure of this company, United Technologies Corporation (UTX) has a Total Debt to Total Equity ratio set at 118.44. Additionally, UTX Total Debt to Total Capital is recorded at 54.22, with Total Debt to Total Assets ending up at 33.93. Long-Term Debt to Equity for the company is recorded at 107.14, with the Long-Term Debt to Total Capital now at 49.05.
Reflecting on the efficiency of the workforce at the company, United Technologies Corporation (UTX) managed to generate an average of $21,954 per employee. Receivables Turnover for the company is 4.38 with a Total Asset Turnover recorded at a value of 0.58. United Technologies Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for United Technologies Corporation (UTX) stock
With the latest financial reports released by the company, United Technologies Corporation posted 1.95/share EPS, while the average EPS was predicted by analysts to be reported at 1.53/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 27.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for UTX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for United Technologies Corporation go to 8.88%.
United Technologies Corporation (UTX): Insider Ownership positions
There are presently around $104,396 million, or 83.30% of UTX stock, in the hands of institutional investors. The top three institutional holders of UTX stocks are: STATE STREET CORP with ownership of 94,461,029, which is approximately 4.829% of the company’s market cap and around 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding 68,834,966 shares of the stock with an approximate value of $10.0 billion in UTX stocks shares; and BLACKROCK INC., currently with $8.0 billion in UTX stock with ownership of nearly -0.158% of the company’s market capitalization.
Positions in United Technologies Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 869 institutional holders increased their position in United Technologies Corporation (NYSE:UTX) by around 42,278,076 shares. Additionally, 852 investors decreased positions by around 40,911,093 shares, while 280 investors held positions by with 624,535,513 shares. The mentioned changes placed institutional holdings at 707,724,682 shares, according to the latest SEC report filing. UTX stock had 138 new institutional investments in for a total of 7,038,173 shares, while 71 institutional investors sold positions of 12,285,236 shares during the same period.