For its second fiscal quarter (ending June 30), Honeywell International Inc (NASDAQ: HON) has reported a 6% increase in E.P.S. from $2.24 a year ago to $2.37 in the current quarter. Relative to the consensus estimate of $2.41, this was a shortfall of $-0.04. For the latest four quarters through June 30, E.P.S. were $8.83 compared to $8.14 a year ago — an increase of 8%.
Recent Price Action
Honeywell International Inc (NASDAQ: HON) stock closed at $202.45 on 7/25/24 after a large decline of -5.2%. Moreover, trading volume in this decline was exceptionally high at 251% of normal. The stock has declined -8.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
HON is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Honeywell International has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Honeywell International has a poor Appreciation Score of 16 but a slightly positive Power Rating of 68, leading to the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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