Citigroup Issues Pessimistic Forecast for Honeywell International (NASDAQ:HON) Stock Price

Honeywell International (NASDAQ:HON) had its price objective decreased by Citigroup from $268.00 to $266.00 in a research note issued to investors on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the conglomerate’s stock.

A number of other equities analysts have also weighed in on the stock. 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. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $253.00 price objective on shares of Honeywell International in a report on Tuesday, December 3rd. UBS Group reissued a “buy” rating and set a $298.00 target price (up previously from $215.00) on shares of Honeywell International in a report on Wednesday, November 13th. Barclays cut their price target on Honeywell International from $260.00 to $255.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Finally, Bank of America boosted their price objective on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Eleven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $247.93.

Honeywell International Stock Up 0.5 %

Shares of NASDAQ HON opened at $219.54 on Monday. The business’s fifty day moving average price is $226.83 and its 200-day moving average price is $214.27. Honeywell International has a one year low of $189.66 and a one year high of $242.77. The stock has a market capitalization of $142.76 billion, a PE ratio of 25.35, a P/E/G ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.44 and a quick ratio of 1.12.

Institutional Investors Weigh In On Honeywell International

Several institutional investors have recently added to or reduced their stakes in HON. Teachers Insurance & Annuity Association of America bought a new position in shares of Honeywell International during the third quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in Honeywell International during the 3rd quarter valued at about $29,000. Financial Avengers Inc. raised its position in Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock valued at $32,000 after purchasing an additional 50 shares during the last quarter. Planning Capital Management Corp lifted its holdings 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 buying an additional 81 shares during the period. Finally, Western Pacific Wealth Management LP bought a new stake in shares of Honeywell International in the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors 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.