Honeywell International (HON) Releases Quarterly Earnings Results
Honeywell International (NYSE:HON) released its earnings data on Friday. The company reported $1.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.36 by $0.02, Stock Ratings News reports. The company had revenue of $10.30 billion for the quarter, compared to the consensus estimate of $10.19 billion.
Shares of Honeywell International (NYSE:HON) opened at 95.17 on Friday. Honeywell International has a 1-year low of $78.88 and a 1-year high of $96.76. The stock’s 50-day moving average is $94.2 and its 200-day moving average is $92.77. The company has a market cap of $74.530 billion and a P/E ratio of 19.32.
A number of analysts have recently weighed in on HON shares. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Honeywell International in a research note on Friday, June 20th. They now have a $102.00 price target on the stock. On a related note, analysts at Oppenheimer raised their price target on shares of Honeywell International from $103.00 to $110.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Finally, analysts at Argus raised their price target on shares of Honeywell International from $101.00 to $106.00 in a research note on Monday, May 12th. They now have a “buy” rating on the stock. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Honeywell International presently has an average rating of “Buy” and an average target price of $97.72.
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.