Jefferies Financial Group Increases Honeywell International (NASDAQ:HON) Price Target to $260.00

Honeywell International (NASDAQ:HON) had its price objective boosted by research analysts at Jefferies Financial Group from $220.00 to $260.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the conglomerate’s stock. Jefferies Financial Group’s price target points to a potential upside of 10.90% from the stock’s previous close.

Other analysts have also issued research reports about the company. Bank of America raised their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Wells Fargo & Company raised their price objective on shares of Honeywell International from $215.00 to $254.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Morgan Stanley initiated coverage on shares of Honeywell International in a research note on Friday, September 6th. They set an “equal weight” rating and a $210.00 target price for the company. Baird R W lowered shares of Honeywell International from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price objective on shares of Honeywell International in a research report on Tuesday, December 3rd. Ten analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $249.57.

Honeywell International Stock Performance

HON stock traded down $1.56 during mid-day trading on Tuesday, reaching $234.44. 1,705,269 shares of the stock traded hands, compared to its average volume of 3,154,707. The firm has a market capitalization of $152.44 billion, a PE ratio of 27.07, a P/E/G ratio of 2.85 and a beta of 1.05. The business has a 50-day moving average of $221.71 and a two-hundred day moving average of $212.10. Honeywell International has a 52 week low of $189.66 and a 52 week high of $242.77. The company has a quick ratio of 1.12, a current ratio of 1.44 and a debt-to-equity ratio of 1.44.

Institutional Investors Weigh In On Honeywell International

A number of hedge funds have recently made changes to their positions in HON. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International in the third quarter valued at $25,000. Reston Wealth Management LLC bought a new stake in shares of Honeywell International during the third quarter valued at approximately $29,000. Financial Avengers Inc. increased its holdings in shares of Honeywell International by 48.1% in the third quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares in the last quarter. Planning Capital Management Corp raised its position in Honeywell International by 96.4% in the 3rd quarter. Planning Capital Management Corp now owns 165 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 81 shares during the last quarter. Finally, Financial Connections Group Inc. acquired a new position in Honeywell International during the 2nd quarter worth $38,000. Institutional investors and hedge funds own 75.91% of the company’s stock.

Honeywell International Company Profile

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.