UTX - United Technologies Corporation

NYSE - NYSE Delayed Price. Currency in USD
+0.56 (+0.42%)
At close: 4:02PM EDT

135.00 +2.03 (1.53%)
Pre-Market: 6:58AM EDT

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Previous Close132.39
Bid132.66 x 900
Ask134.04 x 800
Day's Range131.55 - 133.19
52 Week Range100.48 - 144.40
Avg. Volume3,501,852
Market Cap114.723B
Beta (3Y Monthly)1.34
PE Ratio (TTM)20.65
EPS (TTM)6.44
Earnings DateJul 23, 2019
Forward Dividend & Yield2.94 (2.22%)
Ex-Dividend Date2019-08-15
1y Target Est151.44
Trade prices are not sourced from all markets
  • PR Newswire5 minutes ago

    United Technologies Reports Second Quarter 2019 Results; Raises 2019 Organic Sales And Adjusted EPS Outlook

    Strong sales and operating profit drive United Technologies' performance in Q2; Recently acquired Rockwell Collins continues to exceed expectations - Sales of $19.6 billion , up 18 percent versus prior ...

  • Dow Jones Today: Waiting on the Earnings Tidal Wave
    InvestorPlace15 hours ago

    Dow Jones Today: Waiting on the Earnings Tidal Wave

    Broadly speaking, stocks were somewhat listless Monday as traders await an absolute avalanche of marquee earnings reports this week.Source: Shutterstock The Nasdaq Composite was the leader among the major U.S. equity benchmarks to start the week, adding 0.71% while the S&P 500 gained 0.28%. Sapped by one of the largest members of the index, the Dow Jones Industrial Average lagged, finishing higher by just 0.07%. * 7 Defense Stocks to Buy to Fortify Your Portfolio When the closing bell rang, just over half the Dow's 30 components were in the green for the day.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Bad BoeingBoeing (NYSE:BA), the largest member of the price-weighted Dow Jones Industrial Average and a company that reports earnings later this week, was dinged Monday, falling 1.07% after Fitch Ratings trimmed its outlook on the aerospace company to "negative" from "stable." Fitch cited regulatory uncertainty stemming from the grounding of the 737 MAX passenger jet, but the ratings agency is sticking with an "A" credit rating on Boeing."The MAX situation also presents significant public relations challenges, and the impact on Boeing's reputation and brand will be a watch item for the next year or more," said Fitch.Boeing reports second-quarter results Wednesday before the open of U.S. markets with analysts forecasting a profit of $1.89 a share, down from $3.33 a year earlier. More Earnings: UTX and KOSticking with the industrial sector for a moment, shares of United Technologies (NYSE:UTX) added 0.44% today in advance of the company's Tuesday pre-market second-quarter earnings report. Wall Street expects UTX to post earnings of $2.05 per share on revenue of $19.6 billion.The stock is inexpensive compared to other large-cap aerospace names, but that probably isn't enough for investors over the near-term. United Technologies' earnings call is likely to revolved around the company's effort to merge with Raytheon (NYSE:RTN), one that has been met with some push back on Wall Street.Coca-Cola (NYSE:KO) traded slightly lower today ahead of its Tuesday morning earnings report. The shares are up a market-lagging 8.56% year-to-date, indicating the beverage giant better put some fizz in that earnings report and guidance. Analysts expect Coca-Cola to notch second-quarter earnings of 62 cents a share on revenue of $9.57 billion."Analysts are evenly split ahead of the report: Eleven think the shares are a Buy, while 11 have a Hold rating or the equivalent on the shares. Just one rates it at Sell. The average analyst price target is $52.48," reports Barron's. Dow Jones WinnersApple (NASDAQ:AAPL) was one of the best-performing names in the Dow today, adding 2.29% amid some bullish analyst chatter. Morgan Stanley's Katy Huberty boosted her price target on Apple to $247 from $231 in a note out today. Apple reports earning on July 30 after the close of U.S. markets.Shares of Walt Disney (NYSE:DIS) advanced 0.70% on reports that "The Lion King" saw a weekend box office haul of $185 million. That after Disney's "Avengers: Endgame" became the highest-grossing film ever earlier this year. Yes, Disney is up about 31% this year, but its upcoming movie lineup indicates more upside could be had in this stock. Dow Jones Today: Bottom LineAs was noted here last week, this week brings a slew of earnings reports with nearly a third of the S&P 500 reporting. Hopefully, the trend of positive surprises continues because this earnings season, so far, has been better than anticipated."To date, 16% of the companies in the S&P 500 have reported actual results for Q2 2019," according to FactSet. "In terms of earnings, the percentage of companies reporting actual EPS above estimates (79%) is above the five-year average. In aggregate, companies are reporting earnings that are 7.0% above the estimates, which is also above the five-year average." More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Defense Stocks to Buy to Fortify Your Portfolio * 10 High-Flying, Overvalued Stocks in Danger of Crashing * 8 Stocks to Buy That Are Growing Faster Than Amazon The post Dow Jones Today: Waiting on the Earnings Tidal Wave appeared first on InvestorPlace.

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  • Stand on Sidelines as United Technologies Reports
    TheStreet.com20 hours ago

    Stand on Sidelines as United Technologies Reports

    Tuesday will get even busier with United Technologies Corp. reporting after the close, advised Jim Cramer during his "Mad Money" program Friday night. In this daily bar chart of UTX, below, we can see some "interesting" patterns. Trading volume looks like it declined from December to early June, which is not bullish -- but the On-Balance-Volume (OBV) line rose in January and February and since then has been steady.

  • PR Newswire20 hours ago

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  • Market Realist22 hours ago

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  • Barrons.comyesterday

    United Technologies Is Set to Report Earnings on Tuesday. Here’s What to Expect.

    The second quarter was eventful for the aerospace industry and for United Technologies. So there is a lot for investors to think about in the second half of 2019.

  • United Technologies (UTX) Gains As Market Dips: What You Should Know
    Zacks4 days ago

    United Technologies (UTX) Gains As Market Dips: What You Should Know

    United Technologies (UTX) closed the most recent trading day at $132.53, moving +0.94% from the previous trading session.

  • Cellphones a Flight Risk? Could Be on Some Boeing Jets
    Bloomberg4 days ago

    Cellphones a Flight Risk? Could Be on Some Boeing Jets

    (Bloomberg) -- U.S. government officials in 2014 revealed an alarming safety issue: Passenger mobile phones and other types of radio signals could pose a crash threat to some models of Boeing 737 and 777 airplanes.More than 1,300 jets registered in the U.S. were equipped with cockpit screens vulnerable to interference from Wi-Fi, mobile phones and even outside frequencies such as weather radar, according to the Federal Aviation Administration, which gave airlines until November 2019 to replace the units made by Honeywell International Inc. Honeywell estimates that 70 or fewer planes with cockpit screens in need of repair are still flying.Flight-critical data including airspeed, altitude and navigation could disappear and “result in loss of airplane control at an altitude insufficient for recovery,” the FAA said in its 2014 safety bulletin, known as an airworthiness directive.A Honeywell spokeswoman said there have been no reports of display units blanking in-flight due to high-intensity radio frequency/Wi-Fi interference. Airlines and Honeywell have argued that radio signals were unlikely to cause safety problems during flight. The FAA, however, concluded there were safety risks based on assessments it had received from a vendor and an operator.Boeing Co. found the interference in a laboratory test in 2012 and hasn’t seen similar issues on other aircraft, a company spokesman said. Honeywell is aware of only one case where all six display units in a 737 cockpit went blank, company spokeswoman Nina Krauss said. The cause was a software problem, unrelated to Wi-Fi or cellphones, that has been fixed and is currently being flight-tested, she said.The affected 737s are the so-called Next Generation model, a predecessor of the Boeing Max, which was involved in two crashes in less than five months. Cockpit displays on the Max were made by Rockwell Collins, now a unit of United Technologies Corp., not Honeywell. Boeing’s 777s also were covered by the FAA order.The FAA order didn’t quantify the amount of radio signals needed to cause interference problems. An agency spokesman said Thursday that the FAA bases the compliance time for its airworthiness directives on the risk that a condition poses. “A 60-month compliance time frame means the risk is low, and does not need to be addressed right away,” he said.Still, the radio-signal threat extends beyond that specific display system and FAA warning.Numerous mobile phones left on during any airplane flight “could be a real problem,” said professor Tim Wilson, department chair for electrical, computer, software and systems engineering at Embry-Riddle Aeronautical University. The greater the number of phones emitting radio signals, he said, the greater the potential for interference with a plane’s flight system.Airplane ModeMany airlines now permit passengers to turn their phones to “airplane mode,” which allows Wi-Fi transmissions. But mobile phones operate at higher power levels, Wilson said, since the signals must reach a cell tower and not just a local antenna or router. “So cellular service is potentially more impactful,” he added.The FAA in 2013 began the process of allowing wider use of electronic devices on planes, provided airlines could demonstrate it was safe. That prompted an outcry from consumer groups concerned about passengers being subjected to the mobile phone conversations of seatmates.No U.S. airlines allowed it and, in 2018, Congress barred the use of mobile phones for calls during flights.Honeywell says that 70 or fewer planes with affected display screens require repair. That may leave a lot of screens unaccounted for.A plane generally has six display screens. Back in 2014 Honeywell told the FAA that 10,100 display units -- or the equivalent of nearly 1,700 planes -- were affected worldwide. When asked this week about the progress of the fixes, Honeywell’s Krauss said that 8,000 of those screens were replaced and fewer than 400 components, or the equivalent of about 70 planes, still need to be fixed. That still leaves 1,700 units, or the equivalent of about 280 planes, unaccounted for out of the 2014 figure.Honeywell says its calculation of 70 or fewer assumes that some airlines might have had the work performed at non-Honeywell facilities, and regulators in other regions of the world might not have ordered the units replaced. In addition, some planes might have been taken out of service due to age. The actual number of planes operating with faulty components couldn’t be determined by Bloomberg.Krauss said that “even if a blanking incident were to occur,” the units are backed up by multiple redundancies.Both Delta Air Lines Inc. and Southwest Airlines Co. have completed their overhauls, according to the companies. American Airlines Group Inc. has 14 more jets that need refurbished units, and United Airlines still needs to replace components across 17 aircraft, representatives from those companies said.Ryanair Holdings Plc, the large Irish-based discount carrier, told the FAA in 2014 that its planes held 707 of the affected Honeywell units and argued at the time that changing out all of them “is imposing a high, and unnecessary, financial burden on operators.” A Ryanair spokeswoman said the airline hasn’t upgraded all 707 screens but that the carrier inspected all of its display units and “any affected DUs have been replaced.”(Corrects story first published on July 18 to clarify in the second and 13th-15th paragraphs the estimated number of planes still flying with affected display screens; rephrase Honeywell’s comment and clarify the FAA’s conclusions in the fourth paragraph; and provide more details on the cause of a blanking incident in the fifth paragraph. A previous version of the story corrected the headline to say ‘Could’ rather than ‘Are’.)\--With assistance from Thomas Black, Justin Bachman, Christopher Jasper and Jonathan Morgan.To contact the reporter on this story: Anita Sharpe in Atlanta at asharpe6@bloomberg.netTo contact the editors responsible for this story: Flynn McRoberts at fmcroberts1@bloomberg.net, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Top Research Reports for Abbott, Netflix & Philip Morris
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  • United Technologies' (UTX) Q2 Earnings: What's in the Cards?
    Zacks4 days ago

    United Technologies' (UTX) Q2 Earnings: What's in the Cards?

    United Technologies' (UTX) second-quarter earnings are likely to benefit from strong prospects of its aerospace and commercial businesses. However, rising costs pose a concern.

  • Financial Times4 days ago

    Week ahead: UK prime minister, ECB rate decision, tech earnings

    The weeks-long race to succeed Theresa May is coming to a close with a new prime minister set to enter Downing Street amid continued uncertainty over Brexit. Politics will be front and centre next week with a hearing in the US Congress featuring former special counsel Robert Mueller also on the docket. Meanwhile, investors await a rate decision from the European Central Bank and another rush of earnings from technology heavyweights Amazon, Alphabet, Facebook and others.

  • Aviation Is the Rope in the Tug of War Over GE Stock
    InvestorPlace5 days ago

    Aviation Is the Rope in the Tug of War Over GE Stock

    After a big rally, General Electric (NYSE:GE) stock has stalled out. General Electric stock has traded sideways for about a four and half months now, staying mostly in a range between $9 and $10.25.Source: Shutterstock It's not terribly difficult to see why that is. After a long decline over the last few years - including two dividend cuts - investors and analysts don't entirely trust General Electric stock. To some, including InvestorPlace columnist Dana Blankenhorn, GE's debt and pension liabilities suggest years of pain ahead. To others, the long-awaited turnaround is at hand. * 7 Stocks Top Investors Are Buying Now Increasingly, it seems like it will be GE Aviation that determines whether the bulls or bears will prove correct. That's not terribly surprising, of course: Aviation is GE's most profitable, and likely its most valuable, business. It generated roughly 60% of the company's segment-level profit last year, according to General Electric's 10-K filing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut the gap between bulls' and bears' views of what Aviation truly is worth appears to be widening. The issues at Boeing (NYSE:BA) add a dose of uncertainty to the debate. Skeptics and believers see the unit's performance at the recent Paris Air Show very differently. Indeed, they see the future of the unit very differently.Heading into the second half of 2019, with GE's Q2 earnings two weeks away, it seems likely that the continuing argument over GE stock is going to come down to GE Aviation. A Big Win for GE AviationOn its face, the Paris Air Show last month - the industry's biggest event - seems like a win for General Electric. GE Aviation and its joint venture booked a record combined $55 billion in orders, per a company press release. That was up from $31 billion the year before.Obviously, that $55 billion isn't turning into revenue in 2020 or even necessarily by 2025. But with commercial aircraft demand still strong, it suggests that GE Aviation at worst is keeping pace with competing engine builders. That notably includes United Technologies (NYSE:UTX) unit Pratt & Whitney, which has taken market share in recent years.Meanwhile, the merger of UTX and Raytheon (NYSE:RTN) potentially creates a more formidable competitor on the defense/military side as well. And the delays of GE's new GE9x turbine engine hampered Boeing's launch of its 777x. After that news, and with its competition improving, GE Aviation needed a strong showing - and got it.Right? General Electric Stock Stays StuckPerhaps. But GE stock bears weren't so sure and apparently, neither were investors. Even as stock markets raced to all-time highs, the lid stayed on GE stock.And two noted skeptics cast doubt on the headline. Stephen Tusa, who has been a prescient bear on GE stock for years now, went as far as to call the order figure "a smoke screen." He argued that new engines - including the GE9x and the LEAP, the latter of which is manufactured in a joint venture with Safran SA (OTCMKTS:SAFRY) - might not be as profitable as GE's past models.John Inch of Gordon Haskett seemed to agree. Both analysts argued that the unit's 2018 earnings - and remember, 2018 was a disastrous year for GE as a whole - were likely above its long-term averages. As a result, Tusa argued that GE Aviation was worth potentially less than $40 billion, with Inch citing a $50 billion ceiling.Of course, as Barron's noted, other analysts saw it differently. Both Citigroup and Barclays saw the order growth as impressive. Those analysts are among the bulls who value GE Aviation in the range of $80 billion -$100 billion.Those differing valuations have an enormous impact on GE stock. What Aviation Means for GE StockWhat seems to be a $30 billion-$60 billion discrepancy on Aviation's valuation leads to very different views on GE stock. On its own, that range suggests a $3.40-$6.80 per share impact to a "sum of the parts" model.But that's not the only impact. Again, GE has a huge amount of debt. A stronger Aviation business will produce more cash flow that can be used to pay down that debt. It also gives GE more ways to raise money; a spin-off or partial sale of the unit can be used to raise capital, for instance.A weaker Aviation business, however, leaves GE in something close to trouble. The Power business still is a mess. GE Healthcare's profits are coming down after the company sold GE Biopharma to Danaher (NYSE:DHR) for $21 billion. Aviation matters not just in terms of paper valuation; it has to drive much of the growth and cash flow that GE needs to create.The importance of Aviation can be seen in the relative price targets of the four analysts, as Barron's pointed out. Tusa and Inch value General Electric stock at $5 and $7, respectively. Barclays sees GE stock getting to $13, and Citigroup estimates that GE stock is worth $14 per share. On the SidelinesA weaker Aviation business would be bad news for GE stock. I argued last year in a detailed analysis that GE, in a breakup, likely was worth at most $14-$16 per share. Including the costs of a breakup, its value is something closer to $9-$11. That was based on an estimated valuation of Aviation, using its 2017 results, of nearly $100 billion.Not all that much has changed since then, though the arrival of new CEO Larry Culp has sparked optimism towards the company's future. But if Aviation "really" is a $50 billion or a $70 billion business, it gets tougher to argue that GE stock can rise. And given that I'm skeptical that the 737 MAX issues - which already are expected to hit GE's cash flow by $200-$300 million - will be resolved soon, I'm not expecting investors' sentiment towards the unit to improve much as the year goes on.As I've written before, I'm rooting for GE stock. It's an iconic American company, and I'd love for long-suffering shareholders to see a rebound.But its problems are real. Its current collection of businesses isn't all that attractive anymore. General Electric stock needs Aviation to be a big winner - and if there are any signs at all that it won't be, it gets very difficult to pound the table for GE stock.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Aviation Is the Rope in the Tug of War Over GE Stock appeared first on InvestorPlace.

  • Is GE Stock A Buy Right Now? Here's What Earnings, Chart Say
    Investor's Business Daily5 days ago

    Is GE Stock A Buy Right Now? Here's What Earnings, Chart Say

    General Electric is making major changes after a brutal couple of years. Here is what the fundamentals and technical analysis say about buying GE stock now.

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  • United Technologies (UTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
    Zacks7 days ago

    United Technologies (UTX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

    United Technologies (UTX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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  • 3 Dow Leaders with Double-Digit Upside
    TipRanks9 days ago

    3 Dow Leaders with Double-Digit Upside

    The Dow Jones Industrial Average (DJIA) hit an all-time high on Thursday, July 11, doubling down on Friday to end the week at 27,332. The rally came as Fed chief Jerome Powell made statements widely interpreted as supporting further interest rate cuts in the near-term. Regarding the economic situation, he said, “The bottom line is the uncertainties around global growth and trade continue to weigh on the outlook and inflation continues to be muted, and those things are still in place.”With the Fed signaling lower rates ahead, investors naturally moved toward stocks. We’ve looked into TipRanks’ database to find three stocks that are leading the Dow’s gains, to drill down into specifics and find out if they still have room to grow in 2H19. Boeing Company (BA)Seems you can’t keep Boeing out of the news these days. The industrial giant, the world’s largest aerospace firm and the US’ largest manufacturing exporter, has had more than its share of bad headlines in recent months.It started with the crash, back in March, of an Ethiopian Airlines 737 MAX 8 airliner, with the deaths of all on board. It was the second crash of that model aircraft in less than five months, and on close investigation both accidents were attributed to the same flaw in the autopilot software. Airlines and industry regulators around the world reacted by grounding all operating 737 MAX 8 aircraft, globally. The result was both a business and public relations disaster for Boeing, as the company has struggled to reassure the public, build a fix for the software, and cope with a production line shutdown of its best-selling airliner model.But there is also good news. On the macro level, Boeing is one of just two major international manufacturers of commercial airliners, which limits the damage in lost customers. Also, despite some setbacks, Boeing is working on a viable fix for the for the software problem and predicting that the 737 MAX program will return to full production by the end of the year. The company has only had to close one production line. While the MAX 8 is the most popular model of Boeing’s most popular airliner, other 737 models remain in production, and the company’s wide-body airliners were not affected. And finally, with a market cap of $200 billion dollars, Boeing quite simply has the resources to weather this storm.Boeing’s investors can also take heart from the company’s stock performance since the March air crash. In the two trading sessions following the disaster, BA shares fell from $420 to $373, loss of 11%. But that has been the worst of the damage. BA stock has been essentially range-bound since then, with a high point of $393 and a low point of $337. Shares are currently priced at $365 and rising.Wall Street’s top analysts agree that Boeing has a clear path out of its current difficulties. From UBS, Myles Walton points to recent survey evidence that the traveling public is growing more willing to book seats on the 737 MAX. While acknowledging that consumer sentiment can be fickle, Walton sees this as evidence that the public will welcome the popular airliner’s return and justify the company’s continuing production. He gives BA a $500 price target, suggestive of a 36% upside.Vertical Research analyst Robert Stallard agrees that Boeing is a buy and that the 737 MAX will return to full production, although he sees that happening toward the end of the year. In a recent note, in which he gives the stock a $413 price target, Stallard says, “Boeing is having to do additional work on the MCAS software system… We had previously assumed a 6-month grounding in our Boeing estimates, taking the MAX out of action through to the end of 3Q19. We are now updating our numbers to factor in another quarter of grounding to the end of 4Q19…” Stallard’s price target indicates an upside potential of 13%.Finally, Cowen’s Cai Rumohr, an expert on the aerospace sector who has been following Boeing for over 10 years, has consistently maintained his ‘buy’ rating on BA since the March crash. Earlier this spring, Rumohr noted that Boeing had only had four net cancellations in the immediate aftermath of the groundings, evidence of the company’s fundamental strength. He has held steadfastly to his $460 price target on BA, believing that it will break out later this year. That price target suggests an upside of 25% for the stock.Boeing’s strong buy analyst consensus rating reflects the overall optimism and the company’s strong fundamentals. It’s significant to note that even the low-end price target, $367, is higher than the stock’s most recent close at $365. The average price target of $433 suggests that BA has a potential upside of 18%.View BA Price Target & Analyst Ratings Detail United Technologies Corporation (UTX)United Technologies is another large-cap industrial standby, a major manufacturer in a variety of industries: HVAC, building systems, fire and security, elevators and escalators, and aerospace systems such as aircraft engines. UTX’s big news in recent months was the June 9 announcement that it has agreed with Raytheon to merge the two companies’ aerospace and defense segments into a new entity to be called Raytheon Technologies Corporation.Assuming approval of the merger, the new company will be the world’s second largest contractor in the aerospace and defense sector – after Boeing. And this brings us to an interesting point, underlining the different strengths that companies will show in the market. Where Boeing is generally perceived as a strong buy (see above), UTX is still seen as a moderate buy from the analyst consensus. But while the analysts’ optimism about Boeing is conditional on the 737 MAX restarting production in Q4, the outlook on UTX is showing strong improvement. Two five-star analysts have recently upgraded the stock from neutral to buy.The first upgrade, on June 10, came from Josh Sullivan of Seaport Global. Pointing to the Raytheon merger, Sullivan said it, “offers a compelling combination in defense as well as commercial aerospace business.” He specifically points out the proposed new company’s ventures in hypersonic and directed energy weapons as putting it “ahead of the curve” in defense industry trends. He believes the combination is sufficient to support a $165 price target for UTX. Sullivan’s target suggests an upside of 23% to the stock.The second, more recent, upgrade to UTX came on June 24 from Cai Rumohr, quoted above regarding Boeing. Rumohr notes that UTX dropped in the immediate aftermath of the announcement and has only now edged above its June 9 trading level. He says this puts UTX’s aerospace unit “at an inflection point,” with further gains possible if the merger is approved. He adds that, “the stock's relative weakness since the merger was announced suggests investors don't understand the benefits,” and describes UTX, at its current price, as a “win-win for attractive standalone valuation.” Rumohr puts a $150 price target on the stock, indicating room for a 12% upside.As mentioned, the analyst consensus on UTX is a moderate buy. This is based on 6 buys and 3 holds given in the past three months. Shares are selling for $133, and the average price target of $150 suggests an upside potential of 12%.View UTX Price Target & Analyst Ratings Detail Johnson & Johnson (JNJ)With Johnson & Johnson, we shift gears from industry and defense to pharmaceuticals and consumer products. JNJ is best known products like Band-Aids, Tylenol, and no-more-tears baby shampoo, but the company’s main revenue stream comes from is pharmaceutical line. To illustrate the difference in revenues between the segments, consumer/home health supports just under 17% of JNJ’s total revenues, while just two drugs – Remicade and Simponi – bring in over 11% of the total revenues by themselves.Whatever the base, Johnson & Johnson’s healthy revenues and reputation as a defensive stock that will outperform the market in a downturn keep it popular with investors. The company has shown a 24% return on equity over the trailing 12 months, along with positive trends in the 20- and 200-day moving averages. In the last quarterly report, JNJ beat the forecast by 3.3%, and in the coming report, to be released on July 16, is expected to show 15% year-over-year EPS growth.The analysts agree that JNJ is a stock with strong growth potential. Writing at the end of May, BMO’s Joanne Wuensch gave the stock a buy rating with a $157 price target, basing her outlook on an optimistic take regarding an opioid addiction case currently in litigation. Wuensch notes, “Litigation is a common occurrence in the health care sector that takes significant time to resolve, and often headlines are worse than reality.” She adds that Johnson & Johnson has offered a vigorous defense in the case, and adds that, having waived a jury trial in favor of a bench hearing, JNJ could look forward to the case’s completion by summer’s end, making it possible for the company to put the matter behind it fairly quickly. Her price target reflects her optimism, suggesting a 16% upside.Matt Miksic, of Credit Suisse, also weighed in on JNJ, initiating his coverage of the stock with a buy rating. He says the “key drivers” behind the stock are “continued growth in Immunology, driven by Stelera and Tremfya, sustainable growth in Oncology driven by Imbruvica, Darzelex and Erleada, and an attractive pipeline of filings in the 2019-2023 timeframe with greater than$1B potential each, and stable growth and cash flows in Consumer Health.” His price target, $156, like Weunsch’s, also indicates confidence in a 16% upside.Johnson & Johnson’s overall rating is almost identical to UTX’s. JNJ receives a moderate buy from the analyst consensus, based on 7 buys and 4 holds, with a current share price of $134 and an average price target of $150. The upside potential is 12%.View JNJ Price Target & Analyst Ratings DetailUse TipRanks’ database to find out what Wall Street’s top analysts are saying about the market’s leaders, to target your investments appropriately.