United stock: buy or sell?
September 20th, 2019
United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide.
Should I buy United stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with United Technologies stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is United stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we detected 15 ratings published for UTX stock in the last month. The general sentiment of these ratings is bullish for UTX stock, with 10 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-17||Sanford C. Bernstein||n/a||Market Perform|
|2019-7-25||Bank of America||n/a||Buy|
|2019-6-10||Seaport Global Securities||Neutral||Buy|
|2019-4-24||Royal Bank of Canada||n/a||Sector Perform|
|2019-2-22||JPMorgan Chase & Co.||n/a||Overweight|
|2019-2-1||Goldman Sachs Group||Buy||Conviction-Buy|
|2019-1-24||Royal Bank of Canada||n/a||Sector Perform|
|2019-1-24||Bank of America||n/a||Buy|
United stock analysis
Shares of United ended today at $135.56 and slightly fell a fatal -1.43%.
On May, UTX hit a new all time high, pushing higher than late February 2017 tops. Check different trading setups that use ATHs as triggers. United Technologies slightly fell a fatal -1.43% and closed at $135.56. On Aug 28th UTX price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. UTX is retaking the upward trend marking a new rising bottom heading to break out over $139.40. Since last May when SMA100d and SMA200d crossed up, UTX price gained $6.41 per share (4.96%).
United Technologies depreciated a tragic -1.81% this week. Late August UTX skyrocketed a wonderful 5.24% in just one week.
Far behind is the all-time high United marked late April but price is just -5.04% below that top. Late August UTX price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since late May when SMA20w and SMA40w crossed up, UTX price gained $2.60 per share (1.96%).
United stock price history
United stock historical price chart
UTX stock reached all-time highs on May with a price of $142.76.
United stock price target is $159.40Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 11 price targets for UTX stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-17||Sanford C. Bernstein||Reiterates||$143.00||$154.00||7.7%|
|2019-7-25||Bank of America||Raises Target||$185.00||$195.00||5.4%|
|2019-6-10||Seaport Global Securities||Upgrades||n/a||$165.00||-|
|2019-5-20||Morgan Stanley||Raises Target||$155.00||$164.00||5.8%|
|2019-4-24||Royal Bank of Canada||Reiterates||n/a||$159.00||-|
|2019-1-24||Royal Bank of Canada||Raises Target||n/a||$129.00||-|
|2019-1-24||Bank of America||Reiterates||n/a||$185.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when United Technologies presented its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, United Technologies annual turnover skyrocketed a great 11.14% to $66,501.00 million dollars from $59,837.00 marked in 2017. When comparing 2018 vs 2017, in contrary, profit margin (that is, the net income divided by revenues) remained steady a 0.32% to 7.92%. United fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, United TTM sales up to March 2019 were $69,624.00 and earnings $5,318.00 M USD. When comparing this TTM figures with the last reported annuality, we can review United business evolution since December 2018: Annual turnover up to March, compared to lastest yearly report, inched a beatiful 4.70%. Instead, profit margin (net income/sales) stayed constant at 7.92%.
|2013||$62,650 M||-||$5,690 M9.1%||-|
|2014||$65,100 M||3.91%||$6,220 M9.6%||9.31%|
|2015||$56,098 M||-13.83%||$7,608 M13.6%||22.32%|
|2016||$57,244 M||2.04%||$5,055 M8.8%||-33.56%|
|2017||$59,837 M||4.53%||$4,552 M7.6%||-9.95%|
|2018||$66,501 M||11.14%||$5,269 M7.9%||15.75%|
|TTM||$69,624 M||4.70%||$5,318 M7.6%||0.93%|
Quarterly financial resultsUnited reported $18,365.00 million in revenues for 2019-Q1, a 1.78% improvement compared to previous quarter. Reported quarter income marked $1,346.00 M with a profit margin of 7.33%. Profit margin gained a 3.53% compared to previous quarter when profit margin was 3.80%. When comparing turnover to same quarter last year, United Technologies sales marked an exceptional gain and boosted a 20.49%. Looking back to recent quarterly results, United Technologies posted 2 negative quarters in a row.
|2017-Q2||$15,290 M||-||$1,440 M9.4%||-|
|2017-Q3||$15,040 M||-1.64%||$1,330 M8.8%||-7.64%|
|2017-Q4||$15,680 M||4.26%||$397 M2.5%||-70.15%|
|2018-Q1||$15,242 M||-2.79%||$1,297 M8.5%||226.70%|
|2018-Q2||$16,705 M||9.60%||$2,048 M12.3%||57.90%|
|2018-Q3||$16,510 M||-1.17%||$1,238 M7.5%||-39.55%|
|2018-Q4||$18,044 M||9.29%||$686 M3.8%||-44.59%|
|2019-Q1||$18,365 M||1.78%||$1,346 M7.3%||96.21%|
United ownershipWhen you are planning to buy a company, it's worth to review its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For United, 0.09% of all outstanding shares are owned by its staff.
Bearish positions for UTX stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to United Technologies:
|Market cap||$117.0 B||$216.3 B||$82.2 B||$121.2 B||$111.1 B|
|Total shares||862.8 M||562.7 M||8,730.0 M||719.5 M||282.4 M|
|Float shares||759.8 M||562.0 M||8,710.0 M||687.1 M||237.9 M|
|- Institutional holdings (%)||81.9%||70.6%||58.6%||77.1%||78.7%|
|- Insider holdings (%)||0.1%||0.1%||0.2%||0.4%||0.1%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$135.56 - $138.46|
|Average true range||$2.06|
|50d mov avg||$131.08|
|100d mov avg||$130.77|
|200d mov avg||$125.84|
United performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We compared United against Boeing, General Electric, Honeywell International, Lockheed Martin, Northrop Grumman, SIFCO Industries and Triumph in the following table:
United competitorsWe picked a few stocks to conform a list of United Technologies competitors to check if you are interested in investing in UTX:
- Boeing (BA)
- General Electric (GE)
- Honeywell International (HON)
- Lockheed Martin (LMT)
- Northrop Grumman (NOC)
- SIFCO Industries (SIF)
- Triumph (TGI)
Latest United stock news
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