Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Honeywell International Inc (NASDAQ: HON) weakened in recent days. HON’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
On 8/1/24, Honeywell International Inc (NASDAQ: HON) stock declined slightly by -0.08%, closing at $204.58. Moreover, this decline was accompanied by above average trading volume at 132% of normal. The stock has performed in line with the market over the last nine months and has declined -4.2% 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 contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Honeywell International has a poor Appreciation Score of 18 but a slightly positive Power Rating of 67, and the Negative Value Trend Rating results.
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