Trading Near All-Time Highs, Honeywell Stock Is Starting to Fire on All Cylinders
fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Markets
In a report released today, Christopher Glynn from Oppenheimer assigned a Hold rating to Honeywell International (HON – Research Report). The company’s shares closed last Monday at $221.93, close to its 52-week high of $232.35.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 19.6% and a 68.5% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Wesco International, and Generac Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Honeywell International with a $234.64 average price target, representing a 4.0% upside. In a report released today, Morgan Stanley also maintained a Hold rating on the stock with a $246.00 price target.
Share this article
CHARLOTTE, N.C., April 23, 2021 /PRNewswire/ Honeywell
(NYSE: HON) today announced results for the first quarter that exceeded the company s guidance. The company also raised its full-year sales guidance and raised the midpoint of its adjusted earnings per share and cash flow guidance. Honeywell delivered a strong start to 2021 with first-quarter results that exceeded our expectations. We are seeing promising signs of a rapid recovery in some of our markets, and we are poised to capitalize on new business opportunities as they arise, said Darius Adamczyk, chairman and chief executive officer of Honeywell. We reported first-quarter sales of $8.5 billion, flat year over year, or a decline of 2% on an organic basis. Our first-quarter sales exceeded the high end of our guidance range by approximately $250 million driven by continued double-digit growth in our Warehouse and Workflow Solutions and personal protective equipment businesses as well as demand for o
Honeywell International Inc. - 1st Quarter Results
-
Delivered Double-Digit Sales Growth in Safety and Productivity Solutions; Returned to Sales Growth in Honeywell Building Technologies
-
-
Delivered Earnings Per Share of $2.03, Adjusted EPS¹ of $1.92, Exceeding High End of Guidance Range by 9 Cents
-
CHARLOTTE, N.C., April 23, 2021 /PRNewswire/ Honeywell
(NYSE: HON) today announced results for the first quarter that exceeded the company s guidance. The company also raised its full-year sales guidance and raised the midpoint of its adjusted earnings per share and cash flow guidance.
Logo - https://mma.prnewswire.com/media/1420781/Honeywell Logo.jpg Honeywell delivered a strong start to 2021 with first-quarter results that exceeded our expectations. We are seeing promising signs of a rapid recovery in some of our markets, and we are poised to capitalize on new business opportunities as they arise, said Darius Adamczyk, chairman and chief executive officer of Honey
vimarsana © 2020. All Rights Reserved.