Honeywell International Inc [HON] moved down -1.68: Why It’s Important

HAPP Stock

Honeywell International Inc [NASDAQ: HON] closed the trading session at $199.39.

The stocks have a year to date performance of -4.92 percent and weekly performance of -3.50 percent. The stock has been moved at 4.26 percent over the last six months. The stock has performed 2.36 percent around the most recent 30 days and changed -0.62 percent over the most recent 3-months.

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If compared to the average trading volume of 2.77M shares, HON reached to a volume of 2616294 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Honeywell International Inc [HON]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HON shares is $220.37 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HON stock is a recommendation set at 2.15. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Honeywell International Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 16, 2024. While these analysts kept the previous recommendation, Berenberg raised their target price from $195 to $240. The new note on the price target was released on March 06, 2024, representing the official price target for Honeywell International Inc stock. Previously, the target price had yet another drop from $220 to $193, while UBS kept a Sell rating on HON stock. On October 31, 2022, analysts decreased their price target for HON shares from 206 to 194.

The Average True Range (ATR) for Honeywell International Inc is set at 2.95, with the Price to Sales ratio for HON stock in the period of the last 12 months amounting to 3.52. The Price to Book ratio for the last quarter was 7.89, with the Price to Cash per share for the same quarter was set at 18.44. Price to Free Cash Flow for HON in the course of the last twelve months was 23.64 with Quick ratio for the last quarter at 1.28.

HON stock trade performance evaluation

Honeywell International Inc [HON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.50. With this latest performance, HON shares gained by 2.36% in over the last four-week period, additionally plugging by 4.26% over the last 6 months – not to mention a rise of 2.27% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HON stock in for the last two-week period is set at 48.39, with the RSI for the last a single of trading hit 42.80, and the three-weeks RSI is set at 50.05 for Honeywell International Inc [HON]. The present Moving Average for the last 50 days of trading for this stock 198.29, while it was recorded at 203.26 for the last single week of trading, and 194.63 for the last 200 days.

Honeywell International Inc [HON]: An insightful look at the core fundamentals

Honeywell International Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.28 and a Current Ratio set at 1.66.

Earnings per share (EPS) analysis for Honeywell International Inc [HON] stock

With the latest financial reports released by the company, Honeywell International Inc posted 2.23/share EPS, while the average EPS was predicted by analysts to be reported at 2.21/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HON. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Honeywell International Inc go to 8.33%.

Honeywell International Inc [HON]: Institutional Ownership

The top three institutional holders of HON stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in HON stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in HON stock with ownership which is approximately 5.8386%.

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