Cowen & Co. Keeps Their Hold Rating on United Technologies Corp (UTX)

By Ryan Adsit

In a report released today, Cai Rumohr from Cowen & Co. maintained a Hold rating on United Technologies Corp (UTXResearch Report), with a price target of $141. The company’s shares closed on Tuesday at $120.87.

According to TipRanks.com, Rumohr is a 5-star analyst with an average return of 12.1% and a 60.3% success rate. Rumohr covers the Consumer Goods sector, focusing on stocks such as General Dynamics Corp, L3 Technologies Inc, and Spirit AeroSystems.

Currently, the analyst consensus on United Technologies Corp is a Strong Buy with an average price target of $152.44.

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United Technologies Corp’s market cap is currently $96.81B and has a P/E ratio of 19.44. The company has a Price to Book ratio of 3.02.

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United Technologies Corp. engages in the provision of products and services to the building systems and aerospace industries worldwide. It operates through the following business segments: Otis; UTC Climate, Controls & Security; Pratt and Whitney; and UTC Aerospace Systems.