Analyst Ratings for Honeywell International Inc. (HON)Updated: 2017-07-27
Analysts covering Honeywell International Inc. (NYSE:HON) have given it a consensus rating of Overweight. A consensus rating of Overweight was previously issued for HON last month.
13 analysts declared HON a buy, 4 issued an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for HON. The maximum price target given was 155, implying potential capital gains of 13.48 percent. The lowest price target was 130, which equates to a potential downside of -4.82 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.29 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 0 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.21 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 0.21 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, while 4 analysts revised their estimates downwards. Also over the last month, 5 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
The growth rate of HON's earnings is estimated by analysts to be 8.04 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Wall Street investors typically prefer a PEG ratio to be smaller than 1, but many choose to perform ratio comparisons with other companies in the industry. HON has a PEG ratio of 2.64.
HON has traded between a high of 138.70 and a low of 105.25 over the past year. Currently the stock is 29.77 percent higher than its low, and below the high by 1.53 percent. HON has a P/E ratio of 21.22. Investors typically compare the P/E ratio to a company's peers in the industry. The HON value stock report compares HON to some of its peers using value stock charts. The market cap of HON is $105.58 billion. HON's next earnings release will be on 0000-00-00, which is days away.