Barclays Capital Increases Honeywell International Price Target to $88.00 (HON)
Stock analysts at Barclays Capital boosted their target price on shares of Honeywell International (NYSE:HON) from $87.00 to $88.00 in a report issued on Monday, Stock Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s target price indicates a potential upside of 6.14% from the stock’s previous close.
Honeywell International (NYSE:HON) traded up 0.81% on Monday, hitting $82.91. The stock had a trading volume of 3,579,128 shares. Honeywell International has a 1-year low of $58.29 and a 1-year high of $87.55. The stock has a 50-day moving average of $82.65 and a 200-day moving average of $79.47. The company has a market cap of $65.071 billion and a price-to-earnings ratio of 20.59.
Honeywell International (NYSE:HON) last released its earnings data on Friday, July 19th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis.
A number of other firms have also recently commented on HON. Analysts at William Blair reiterated a “hold” rating on shares of Honeywell International in a research note to investors on Thursday, August 22nd. They now have a $84.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Honeywell International from $77.00 to $80.00 in a research note to investors on Thursday, August 22nd. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Honeywell International from $89.00 to $95.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $84.50.
In other Honeywell International news, CEO Andreas Kramvis sold 3,205 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $85.22, for a total value of $273,130.10. Following the completion of the sale, the chief executive officer now directly owns 75,793 shares in the company, valued at approximately $6,459,079. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Honeywell International Inc (NYSE:HON) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.