Barclays Issues Positive Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its target price hoisted by equities researchers at Barclays from $252.00 to $260.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s price target points to a potential upside of 14.85% from the stock’s current price.

A number of other research firms have also recently issued reports on HON. Robert W. Baird cut shares of Honeywell International from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $223.00 to $217.00 in a research report on Friday, October 25th. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Citigroup decreased their price objective on Honeywell International from $248.00 to $244.00 and set a “buy” rating for the company in a report on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 target price on the stock. Finally, UBS Group restated a “buy” rating and set a $298.00 price target (up previously from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $242.18.

Honeywell International Stock Up 0.0 %

Honeywell International stock opened at $226.38 on Thursday. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44. The company has a market capitalization of $147.20 billion, a PE ratio of 26.14, a PEG ratio of 2.83 and a beta of 1.05. The firm’s fifty day moving average is $218.38 and its 200 day moving average is $210.59. Honeywell International has a 12-month low of $189.66 and a 12-month high of $242.77.

Hedge Funds Weigh In On Honeywell International

A number of hedge funds and other institutional investors have recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America purchased a new position in Honeywell International in the third quarter valued at about $25,000. Reston Wealth Management LLC purchased a new stake in shares of Honeywell International during the 3rd quarter worth approximately $29,000. Financial Avengers Inc. raised its holdings in shares of Honeywell International by 48.1% in the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after purchasing an additional 50 shares during the period. Planning Capital Management Corp lifted its stake in Honeywell International by 96.4% in the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. bought a new position in Honeywell International during the second quarter valued at $38,000. 75.91% of the stock is owned by hedge funds and other institutional investors.

Honeywell International Company Profile

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.