Honeywell International (NASDAQ:HON) Stock Price Expected to Rise, BNP Paribas Exane Analyst Says

Key Points

• BNP Paribas Exane raised its price target on Honeywell to $215 (from $195) and kept a "neutral" rating — the $215 target implies about a 5.13% downside from current levels.
• Sell-side consensus is a Moderate Buy with an average price target of $243.76; analyst breakdown: 11 Buys, 8 Holds and 1 Sell.
• Honeywell recently beat Q4 estimates with EPS $2.59 vs. $2.54 and revenue $10.07B vs. $9.60B, and the stock trades near $226.62 with a PE of 28.26 and market cap about $143.9B.

Honeywell International (NASDAQ:HON - Get Free Report) had its target price increased by stock analysts at BNP Paribas Exane from $195.00 to $215.00 in a research report issued on Monday,MarketScreener reports. The firm presently has a "neutral" rating on the conglomerate's stock. BNP Paribas Exane's price target would indicate a potential downside of 5.13% from the company's current price.

Several other research analysts have also recently weighed in on the stock. TD Cowen decreased their price target on shares of Honeywell International from $250.00 to $240.00 and set a "buy" rating on the stock in a report on Monday, November 10th. Evercore ISI upped their target price on Honeywell International from $255.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday. Wells Fargo & Company raised their price objective on Honeywell International from $215.00 to $235.00 and gave the company an "equal weight" rating in a report on Friday. Sanford C. Bernstein set a $255.00 price target on shares of Honeywell International in a research note on Friday, January 16th. Finally, Wall Street Zen upgraded Honeywell International to a "hold" rating in a report on Saturday, January 3rd. Eleven investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Honeywell International currently has a consensus rating of "Moderate Buy" and a consensus price target of $243.76.

Honeywell International Stock Down 0.4%

Shares of Honeywell International stock traded down $0.90 on Monday, hitting $226.62. 511,529 shares of the company traded hands, compared to its average volume of 4,918,481. Honeywell International has a 12-month low of $169.21 and a 12-month high of $229.59. The company has a quick ratio of 1.05, a current ratio of 1.32 and a debt-to-equity ratio of 1.76. The company has a market cap of $143.88 billion, a PE ratio of 28.26, a PEG ratio of 2.66 and a beta of 0.94. The company has a 50-day moving average price of $202.48 and a 200 day moving average price of $208.66.

Honeywell International (NASDAQ:HON - Get Free Report) last posted its earnings results on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The firm had revenue of $10.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same period in the previous year, the company posted $2.47 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. Sell-side analysts predict that Honeywell International will post 10.34 earnings per share for the current year.

Hedge Funds Weigh In On Honeywell International

A number of institutional investors have recently bought and sold shares of the stock. Chung Wu Investment Group LLC purchased a new position in shares of Honeywell International during the second quarter valued at about $26,000. Holos Integrated Wealth LLC purchased a new stake in shares of Honeywell International during the 4th quarter valued at approximately $25,000. Ares Financial Consulting LLC purchased a new position in Honeywell International in the fourth quarter valued at $26,000. RMG Wealth Management LLC purchased a new position in Honeywell International during the 2nd quarter worth approximately $33,000. Finally, Howard Hughes Medical Institute acquired a new position in Honeywell International during the second quarter worth $33,000. 75.91% of the stock is owned by institutional investors.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate NASDAQ: HON that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell's aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.

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