Short Term Price Target on Honeywell International (HON)

Honeywell International (NYSE:HON) : The most positive equity analysts on Honeywell International (NYSE:HON) expects the shares to touch $130, whereas, the least positive believes that the stock will trade at $115 in the short term. The company is covered by 12 Wall Street Brokerage Firms. The average price target for shares are $124.92 with an expected fluctuation of $4.66 from the mean.

Honeywell International Inc. has dropped 0.85% in the last five trading days, however, the shares have posted positive gains of 2.09% in the last 4 weeks. Honeywell International Inc. is up 3.26% in the last 3-month period. Year-to-Date the stock performance stands at 13.54%. Also, In a research note released to the investors, UBS maintains its rating on Honeywell International (NYSE:HON).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, UBS raises the new price target from $105 per share to $115 per share. The rating by the firm was issued on June 6, 2016.

Honeywell International (NYSE:HON) : 15 analysts are covering Honeywell International (NYSE:HON) and their average rating on the stock is 1.37, which is read as a Strong Buy. 11 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Honeywell International (NYSE:HON) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Honeywell International (NYSE:HON): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $115.00 and $114.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $116.34. The buying momentum continued till the end and the stock did not give up its gains. It closed at $116.32, notching a gain of 1.63% for the day. The total traded volume was 3,377,608 . The stock had closed at $114.46 on the previous day.

In an insider trading activity,The officer (SrVP, Engineering, Ops & IT) of Honeywell International Inc, Mikkilineni Krishna sold 13,000 shares at $114.1 on May 27, 2016. The Insider selling transaction had a total value worth of $1,483,300. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company. The Company is engaged in serving customers across the world with aerospace products and services, turbochargers, control, sensing and security technologies for buildings, homes and industry, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. The Company operates in segments: Aerospace, Automation and Control Solutions (ACS), and Performance Materials and Technologies (PMT). Its Aerospace segment is a supplier of aircraft engines, integrated avionics, systems and service solutions, and related products and services. ACS segment provides environmental and combustion controls, sensing controls, security and life safety products and services. Its PMT segment develops and manufactures advanced materials, process technologies and automation solutions.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.