United Technologies Corp Stock Buy Recommendation Reiterated (UTX)

NEW YORK ( TheStreet) -- United Technologies (NYSE: UTX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A-. The company's strengths can be seen in multiple areas, such as its revenue growth, revenue growth, solid stock price performance, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:
  • UTX's revenue growth has slightly outpaced the industry average of 14.9%. Since the same quarter one year prior, revenues rose by 16.0%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Compared to where it was 12 months ago, this stock has enjoyed a nice rise of 26.09% which was in line with the performance of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, UTX should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • UNITED TECHNOLOGIES CORP has improved earnings per share by 5.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, UNITED TECHNOLOGIES CORP increased its bottom line by earning $5.35 versus $5.33 in the prior year. This year, the market expects an improvement in earnings ($6.12 versus $5.35).

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. United has a market cap of $85.4 billion and is part of the industrial goods sector and industrial industry. The company has a P/E ratio of 17.00, below the S&P 500 P/E ratio of 18.00. Shares are up 15.5% year to date as of the close of trading on Monday.

You can view the full United Ratings Report or get investment ideas from our investment research center.

--Written by a member of TheStreet Ratings Staff.

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