Honeywell International (NASDAQ:HON) Given New $240.00 Price Target at Bank of America

Honeywell International (NASDAQ:HON) had its price target hoisted by equities researchers at Bank of America from $220.00 to $240.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the conglomerate’s stock. Bank of America‘s price target would suggest a potential upside of 2.97% from the stock’s previous close.

Several other research firms have also commented on HON. JPMorgan Chase & Co. cut their target price on shares of Honeywell International from $235.00 to $233.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Barclays lifted their target price on Honeywell International from $229.00 to $252.00 and gave the stock an “overweight” rating in a report on Wednesday. Baird R W downgraded Honeywell International from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Morgan Stanley assumed coverage on Honeywell International in a research report on Friday, September 6th. They issued an “equal weight” rating and a $210.00 price target for the company. Finally, StockNews.com raised shares of Honeywell International from a “hold” rating to a “buy” rating in a research note on Sunday, November 3rd. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Honeywell International has an average rating of “Hold” and a consensus price target of $241.45.

Honeywell International Price Performance

NASDAQ:HON opened at $233.07 on Thursday. 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 business’s 50-day moving average price is $210.22 and its 200 day moving average price is $207.34. Honeywell International has a 52-week low of $188.65 and a 52-week high of $242.77. The firm has a market cap of $151.55 billion, a P/E ratio of 26.91, a PEG ratio of 2.78 and a beta of 1.03.

Hedge Funds Weigh In On Honeywell International

A number of hedge funds have recently modified their holdings of the stock. Teachers Insurance & Annuity Association of America acquired a new position in Honeywell International in the third quarter worth approximately $25,000. LGT Group Foundation bought a new position in shares of Honeywell International during the 1st quarter valued at $26,000. Reston Wealth Management LLC bought a new stake in Honeywell International in the third quarter worth $29,000. Planning Capital Management Corp raised its holdings in Honeywell International by 96.4% during the third quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock valued at $34,000 after buying an additional 81 shares in the last quarter. Finally, Financial Connections Group Inc. acquired a new stake in shares of Honeywell International in the second quarter worth about $38,000. 75.91% of the stock is owned by institutional investors and hedge funds.

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.