For its third fiscal quarter (ending September 30), Honeywell International Inc (NASDAQ: HON) has reported a -5% decline in E.P.S. from $2.29 a year ago to $2.17 in the current quarter. E.P.S. were $8.71 for the latest four quarters through September 30 versus $8.13 for the same period a year ago — an increase of 7%.
Recent Price Action
On 10/24/24, Honeywell International Inc (NASDAQ: HON) stock suffered a large decline of -5.1%, closing at $209.10. Moreover, exceptionally high trading volume at 316% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -4.5% during the last week.
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 inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Honeywell International has a poor Appreciation Score of 18 but a neutral Power Rating of 58, 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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