Why Honeywell International Inc. [HON] Stock Can Run Back to New Highs Quicker Than You Think

Honeywell International Inc. [HON] stock is up 0.11 while the S&P 500 has fallen -0.06% on Thursday, 12/03/20. While at the time of this article, HON ATR is sitting at 5.07, with the beta value at 1.14. This stock’s volatility for the past week remained at 1.57%, while it was 2.22% for the past 30-day period. HON has risen $0.22 from the previous closing price of $208.00 on volume of 2.78 million shares.

On 1, December 2020, Honeywell Introduces Next-Generation Catalyst To Address ‘Smell In Cabin’ Events. According to news published on Yahoo Finance, Advanced catalyst technology will help reduce delays, cancellations and unscheduled maintenance.

Analyst Birdseye View:

The most recent analyst activity for Honeywell International Inc. [NYSE:HON] stock was on November 18, 2020, when it was Downgrade with a Hold rating from HSBC Securities, which also raised its 12-month price target on the stock to $200. Before that, on November 18, 2020, Jefferies Recapitulated a Hold rating and elevated its amount target to $210. On August 11, 2020, RBC Capital Mkts Downgrade a Sector perform rating and plunged its price target on this stock from $166 to $158. On May 21, 2020, HSBC Securities Upgrade a Buy rating and increased its price target to $158. On May 04, 2020, Deutsche Bank Downgrade a Hold rating and decreased its price target to $149. On March 31, 2020, Atlantic Equities Downgrade a Neutral rating and boosted its amount on this stock to $158. On March 23, 2020, Daiwa Securities Upgrade an Outperform rating and boosted its target amount on this stock to $129. On the same date Morgan Stanley Downgrade an Equal-weight rating and elevated its amount target to $121.

In the past 52 weeks of trading, this stock has oscillated between a low of $101.08 and a peak of $210.00. Right now, according to Wall Street analyst the average 12-month amount target is $202.20. At the most recent market close, shares of Honeywell International Inc. [NYSE:HON] were valued at $208.22. According to the average price forecast, investors can expect a potential return of 2.6%.

FUNDAMENTAL ANALYSIS

Honeywell International Inc. [NYSE:HON] most recently reported quarterly sales of 7.8 billion, which represented growth of -14.20%. This publicly-traded organization’s revenue is $324,832 per employee, while its income is $54,363 per employee. This company’s Gross Margin is currently 32.20%, its Operating Margin is 18.30%, its Pretax Margin is +20.59, and its Net Margin is +16.74. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 10.55, 33.50, 20.93 and 21.16 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 47.46 and the whole liability to whole assets at 28.47. It shows enduring liability to the whole principal at 33.08 and enduring liability to assets at 0.20 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 206.61 points at 1st support level, the second support level is making up to 204.99. But as of 1st resistance point, this stock is sitting at 209.64 and at 211.05 for 2nd resistance point.

Honeywell International Inc. [HON] reported its earnings at $1.56 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.49/share signifying the difference of 0.07 and 4.70% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1.26 calling estimates for $1.21/share with the difference of 0.05 depicting the surprise of 4.10%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Honeywell International Inc. [NYSE:HON] is 1.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.58. Now if looking for a valuation of this stock’s amount to sales ratio it’s 3.52, it’s amount to book ratio is 6.81 and showing 30.94 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by HONEYWELL INTERNATIONAL INC, May be a member of 10% group, and it was the purchase of 17100.0 shares on Nov 13. HONEYWELL INTERNATIONAL INC, the May be a member of 10% group, completed a purchase of 76100.0 shares on Nov 12. On Nov 11, HONEYWELL INTERNATIONAL INC, May be a member of 10% group, completed a purchase of 34700.0 shares.