Recent exceptional positive changes in investment behavior have benefitted Honeywell International Inc (NASDAQ: HON): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Honeywell International Inc (NASDAQ: HON) has benefited from small positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Honeywell International has a poor Appreciation Score of 16 but a slightly positive Power Rating of 62, triggering the Negative Value Trend Rating.
Recent Price Action
Honeywell International Inc (NASDAQ: HON) stock rose modestly by 0.4% on 5/13/24. The stock closed at $203.80. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 4.1% during the last week.
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