Barclays Forecasts Strong Price Appreciation for Honeywell International (NASDAQ:HON) Stock

Honeywell International (NASDAQ:HON) had its price objective boosted by Barclays from $255.00 to $260.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the conglomerate’s stock. Barclays‘s target price indicates a potential upside of 16.81% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Robert W. Baird lowered shares of Honeywell International from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $223.00 to $217.00 in a research report on Friday, October 25th. StockNews.com cut Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Wolfe Research lowered Honeywell International from an “outperform” rating to a “peer perform” rating in a research note on Monday, October 28th. Jefferies Financial Group increased their price objective on Honeywell International from $220.00 to $260.00 and gave the company a “hold” rating in a research report on Tuesday, December 17th. Finally, HSBC upgraded Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research report on Wednesday, December 11th. Eleven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $248.29.

Honeywell International Stock Performance

NASDAQ:HON opened at $222.58 on Friday. Honeywell International has a twelve month low of $189.66 and a twelve month high of $242.77. 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 stock has a market cap of $144.73 billion, a P/E ratio of 25.70, a PEG ratio of 2.40 and a beta of 1.06. The business’s 50-day moving average price is $227.06 and its two-hundred day moving average price is $214.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the third quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter valued at $29,000. Hoese & Co LLP bought a new position in Honeywell International in the 4th quarter worth $30,000. Financial Avengers Inc. lifted its position 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. Finally, Planning Capital Management Corp boosted its stake in shares of Honeywell International by 96.4% during the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 81 shares in the last quarter. Institutional investors 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.