Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Honeywell International (NASDAQ:HON) had its price objective boosted by research analysts at Royal Bank of Canada from $213.00 to $253.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “sector perform” rating on the conglomerate’s stock. Royal Bank of Canada’s price objective indicates a potential upside of 10.27% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Wells Fargo & Company lifted their target price on Honeywell International from $207.00 to $215.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Bank of America reissued a “neutral” rating and set a $230.00 target price (down previously from $250.00) on shares of Honeywell International in a report on Thursday, October 24th. Barclays dropped their target price on Honeywell International from $232.00 to $229.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Morgan Stanley started coverage on Honeywell International in a report on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Finally, Wolfe Research downgraded Honeywell International from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $241.45.

Honeywell International Stock Performance

HON stock traded down $1.23 during midday trading on Wednesday, reaching $229.44. 431,895 shares of the company were exchanged, compared to its average volume of 3,088,284. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12. The business has a 50-day moving average price of $210.77 and a two-hundred day moving average price of $207.50. Honeywell International has a one year low of $189.66 and a one year high of $242.77. The firm has a market capitalization of $149.19 billion, a price-to-earnings ratio of 26.62, a price-to-earnings-growth ratio of 2.77 and a beta of 1.03.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HON. Teachers Insurance & Annuity Association of America bought a new stake in shares of Honeywell International during the third quarter worth about $25,000. LGT Group Foundation bought a new stake in shares of Honeywell International during the first quarter worth about $26,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the third quarter worth about $29,000. Planning Capital Management Corp grew its holdings in shares of Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. bought a new stake in shares of Honeywell International during the second quarter worth about $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Honeywell International

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.