Texas (August 21, 2013) Wax Ink has issued a Negative Investment Interest opinion for United Technologies Corporation (NYSE: UTX) based on a recent baseline equity review which placed fair value between $34-$44.
The recent close of $102.40 is approximately 407% above the fair value buy target for the stock and approximately 146% above the fair value close target for the stock. The recent close is also 12% below analysts' twelve-month $117.00 median price target for the stock.
The recent close represents a 19% increase in the year over year price of the stock, while for the same period sales decreased 1%, and earnings decreased 4%.
The stock currently has a trailing twelve-month PE Ratio of 17, and a PEG Ratio of 1.7 basis estimated forward earnings growth of 10.5%.
In the past 52 weeks, share prices have moved between a high of $107.86 and a low of $74.44, placing equilibrium at $95.58.
Basis the recent close, the stock is trading 5% below the 52 week high, 27% above the 52 week low, and 7% above equilibrium. The three-month average daily trading volume is approximately 3.3 million shares.
United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. The company's listed competitors include The Boeing Company, General Electric Company, and ThyssenKrupp AG.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012.
All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.