Honeywell International Inc (NASDAQ: HON) has a higher price-to-earnings ratio of 25.32x compared to its average ratio. HON has 36-month beta value of 1.03. Analysts have mixed views on the stock, with 9 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for HON is 649.09M, and currently, short sellers hold a 1.02% ratio of that float. The average trading volume of HON on October 21, 2024 was 2.78M shares.
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HON) stock’s latest price update
Honeywell International Inc (NASDAQ: HON)’s stock price has increased by 1.13 compared to its previous closing price of 219.55. However, the company has seen a 2.79% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-20 that 33rd annual Global Business Aviation Outlook projects 8,500 new business jet deliveries valued at $280 billion over the next decade Purchase plans indicate that demand for new aircraft is normalizing at an elevated level, significantly above pre-pandemic figures Aircraft utilization is projected to increase with vast majority of operators planning on flying more or the same as they did this year LAS VEGAS, Oct. 20, 2024 /PRNewswire/ — Honeywell (NASDAQ: HON) today published its 33rd annual Global Business Aviation Outlook, which provides unique insights into current industry trends as well as longer-cycle developments and is informed by extensive surveys of business aviation operators across the globe. Based on survey results, Honeywell forecasts up to 8,500 new business jets worth $280 billion will be delivered over the next decade, an increase in value from last year’s forecast.
HON’s Market Performance
HON’s stock has risen by 2.79% in the past week, with a monthly rise of 8.99% and a quarterly rise of 2.33%. The volatility ratio for the week is 1.32% while the volatility levels for the last 30 days are 1.51% for Honeywell International Inc The simple moving average for the last 20 days is 5.65% for HON stock, with a simple moving average of 9.30% for the last 200 days.
Analysts’ Opinion of HON
Many brokerage firms have already submitted their reports for HON stocks, with JP Morgan repeating the rating for HON by listing it as a “Neutral.” The predicted price for HON in the upcoming period, according to JP Morgan is $235 based on the research report published on October 10, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see HON reach a price target of $210. The rating they have provided for HON stocks is “Equal-Weight” according to the report published on September 06th, 2024.
Deutsche Bank gave a rating of “Hold” to HON, setting the target price at $215 in the report published on April 16th of the current year.
HON Trading at 8.13% from the 50-Day Moving Average
After a stumble in the market that brought HON to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.56% of gains for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.32%, as shares surge +9.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.11% upper at present.
During the last 5 trading sessions, HON rose by +2.79%, which changed the moving average for the period of 200-days by +8.55% in comparison to the 20-day moving average, which settled at $210.14. In addition, Honeywell International Inc saw 5.87% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HON starting from KEVIN BURKE, who proposed sale 544 shares at the price of $197.60 back on Aug 15 ’24. After this action, KEVIN BURKE now owns shares of Honeywell International Inc, valued at $107,494 using the latest closing price.
Adamczyk Darius, the Director of Honeywell International Inc, sale 28,500 shares at $203.96 during a trade that took place back on May 15 ’24, which means that Adamczyk Darius is holding 203,510 shares at $5,812,860 based on the most recent closing price.
Stock Fundamentals for HON
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.39 for the gross margin
The net margin for Honeywell International Inc stands at 0.15. The total capital return value is set at 0.16. Equity return is now at value 33.78, with 8.79 for asset returns.
Based on Honeywell International Inc (HON), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is 9.06.
Currently, EBITDA for the company is 9.05 billion with net debt to EBITDA at 2.07. When we switch over and look at the enterprise to sales, we see a ratio of 4.39. The receivables turnover for the company is 4.7for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.21.
Conclusion
To put it simply, Honeywell International Inc (HON) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
