Trade-Ideas LLC identified

United Technologies

(

UTX

) as a pre-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified United Technologies as such a stock due to the following factors:

  • UTX has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $1.1 billion.
  • UTX traded 70,402 shares today in the pre-market hours as of 9:06 AM.
  • UTX is up 3% today from yesterday's close.

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More details on UTX:

United Technologies Corporation provides technology products and services to building systems and aerospace industries worldwide. The stock currently has a dividend yield of 2.8%. UTX has a PE ratio of 2. Currently there are 6 analysts that rate United Technologies a buy, no analysts rate it a sell, and 9 rate it a hold.

The average volume for United Technologies has been 6.9 million shares per day over the past 30 days. United has a market cap of $76.6 billion and is part of the industrial goods sector and aerospace/defense industry. The stock has a beta of 1.18 and a short float of 4.7% with 2.97 days to cover. Shares are down 2.6% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates United Technologies as a

hold

. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and feeble growth in the company's earnings per share.

Highlights from the ratings report include:

  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Aerospace & Defense industry. The net income increased by 122.5% when compared to the same quarter one year prior, rising from $1,473.00 million to $3,278.00 million.
  • Net operating cash flow has increased to $2,581.00 million or 11.68% when compared to the same quarter last year. In addition, UNITED TECHNOLOGIES CORP has also modestly surpassed the industry average cash flow growth rate of 6.58%.
  • The debt-to-equity ratio is somewhat low, currently at 0.75, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.78 is somewhat weak and could be cause for future problems.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. Compared to other companies in the Aerospace & Defense industry and the overall market on the basis of return on equity, UNITED TECHNOLOGIES CORP has underperformed in comparison with the industry average, but has exceeded that of the S&P 500.
  • Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 27.57%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 121.27% compared to the year-earlier quarter. Despite the heavy decline in its share price, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry.

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