Stock analysts at Credit Suisse boosted their target price on shares of Honeywell International (NYSE:HON) from $82.00 to $85.00 in a report issued on Monday, Analyst Ratings Network.com reports. The firm currently has a “neutral” rating on the stock. Credit Suisse’s price target suggests a potential upside of 0.41% from the stock’s previous close.
In other Honeywell International news, CEO Roger Fradin sold 190,612 shares of the stock on the open market in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $85.00, for a total transaction of $16,202,020.00. Following the completion of the sale, the chief executive officer now directly owns 259,477 shares of the company’s stock, valued at approximately $22,055,545. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on HON. Analysts at Cowen and Company raised their price target on shares of Honeywell International from $90.00 to $95.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Honeywell International in a research note to investors on Monday. They now have a $89.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Honeywell International from $82.00 to $85.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Seven investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Honeywell International has an average rating of “Buy” and an average price target of $86.04.
Shares of Honeywell International (NYSE:HON) traded up 0.08% on Monday, hitting $84.65. 3,515,999 shares of the company’s stock traded hands. Honeywell International has a 52-week low of $58.29 and a 52-week high of $87.55. The stock has a 50-day moving average of $83.7 and a 200-day moving average of $80.13. The company has a market cap of $66.560 billion and a P/E ratio of 20.90.
Honeywell International (NYSE:HON) last announced its earnings results on Friday, October 18th. The company reported $1.24 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.24. The company had revenue of $9.60 billion for the quarter, compared to the consensus estimate of $9.92 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts predict that Honeywell International will post $4.95 earnings per share for the current fiscal year.
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.
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