In a report released today, Howard Rubel from Jefferies reiterated a Buy rating on Honeywell International (NYSE: HON), with a price target of $141. The company’s shares closed last Friday at $124.56, equals to its 52-week high of $124.56.
Rubel observed:
“Honeywell generated EPS of $6.60 in 2016 vs. $6.10 in 2015, an 8% increase. Our 2017 and 2018 EPS estimates remain unchanged at $7.10 and $7.60, respectively. Our review of the company’s 10-K highlights elements of profitability and cash flows. For example, the Non-U.S. business is more profitable and has shown better growth over the past several years than the U.S.”
According to TipRanks.com, Rubel is a top 25 analyst with an average return of 20.1% and a 84.2% success rate. Rubel covers the Industrial Goods sector, focusing on stocks such as United Technologies Corp, General Dynamics Corp, and Orbital Sciences Corp.
Honeywell International has an analyst consensus of Strong Buy, with a price target consensus of $130.60.
Honeywell International’s market cap is currently $94.77B and has a P/E ratio of 20.32. The company has a book value ratio of 4.8926.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral on the stock. Most recently, in December 2016, Linnet Deily, a Director at HON sold 1,690 shares for a total of $197,291.
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Honeywell International, Inc. is a diversified technology and manufacturing company. It offers aerospace products and services; turbochargers; control, sensing and security technologies for buildings and homes; 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 through the following segments: Aerospace; Automation and Control Solutions; and Performance Materials and Technologies. The Aerospace segment supplies aircraft engines, integrated avionics, systems and service solutions, and related products and services for aircraft manufacturers, airlines, aircraft operators, military services, and defense and space contractors. The Aerospace segment’s products and services include auxiliary power units, propulsion engines, environmental control systems, connectivity, electric power systems, engine controls, flight safety, communications, navigation, radar and surveillance systems, aircraft lighting, management and technical services, logistics services, advanced systems and instruments, aircraft wheels and brakes, repair and overhaul services, turbochargers and thermal systems. The Automation and Control Solutions segment provides products, software and technologies for environmental and energy solutions; sensors, switches and controls for sensing and productivity solutions; security and fire safety products; industrial safety products; and building solutions and services for homes, commercial buildings and industrial facilities. The Performance Materials and Technologies segment develops and manufactures advanced materials, process technologies and automation solutions. Its process technology and products include catalysts and adsorbents, equipment and consulting services to produce gasoline, diesel, jet fuel, petrochemicals and renewable fuels for the petroleum refining, gas processing and petrochemical industries. Honeywell International was founded by Albert M. Butz in 1885 and is headquartered in Morris Plains, NJ.
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