Research analysts at Barclays Capital raised their target price on shares of Honeywell International (NYSE:HON) from $80.00 to $87.00 in a report released on Monday, Analyst Ratings Network.com reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s price target would suggest a potential upside of 4.77% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at JP Morgan Cazenove raised their price target on shares of Honeywell International from $73.00 to $75.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Honeywell International from $77.00 to $82.00 in a research note to investors on Monday. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Honeywell International from $88.00 to $89.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock.
Six investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Honeywell International currently has a consensus rating of “Buy” and an average target price of $83.04.
Honeywell International (NYSE: HON) traded down 0.63% on Monday, hitting $83.04. Honeywell International has a 52-week low of $55.93 and a 52-week high of $84.85. The stock’s 50-day moving average is currently $79.63. The company has a market cap of $65.402 billion and a price-to-earnings ratio of 20.92.
Honeywell International (NYSE:HON) last released its earnings data on Friday, July 19th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.07. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. Honeywell International has set its FY13 guidance at $4.85-4.95 EPS and its Q3 guidance at $1.20-1.25 EPS. 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.