Honeywell International Inc (NYSE:HON) current liabilities does not exceed current assets, and it is not difficult to see with Quick R at 1.1 company’s liquidity stance is stable. Growth potential has to be refined to support price values, HON with analyst estimate 8.04% has enough drive to take advantage of present PE 22.09. Current forward-looking indicator expectations For Honeywell International Inc. is 18.7 along with current stock price and historical earnings data.
With slew of reviews upgrades, analysts seem to be positive. Credit Suisse’s Julian Mitchell maintains its current rating of Neutral provided the broader market remains healthy Julian Mitchell form Credit Suisse expects PT of 150 reflecting raise of 6.3% from 141. Company Market-to-Book ratio 5.27 is considered to be a huge positive with strong fundamentals. Institutional Investors and hedge funds have been highly active. , future end of the day Friday, Nov 10 market cap stood at $111090.65 Millions, however we prefer enterprise value against market cap for fair value
Honeywell International Inc (NYSE:HON) is currently above its support levels at $132.06, means technically healthy which is a positive sign. HON research firms are forecasting earnings to be likely pick up speed as EPS remains positive at 2.70%. PEG at 2.75 times indicated higher value while considering the company’s earnings growth into account, but We believe share prices is currently overvalued due to increased demand for the company shares.
Honeywell International Inc. present near term investments and other marketable securities are at 1.4 Current Ratio. The RSI level may be viewed as a potential area for a bearish reversal, however charts are yet to confirm any divergence, indicating that with RSI at 59.35 stocks are beginning to show relative strength again gradually. With its industry’s trailing twelve months PE 22.09 also compares favourably this might not be genuine time to buy, however if you are a value investor downside of assets outperformance is that the stock looks a little expensive for traders looking to initiate new position right now. Still the business looks pretty overvalued at the moment as Industrial Goods sector PE comes at 24.93 below company price to earnings.
Investors focus on the longer trend see Honeywell International Inc (NYSE:HON) level average zone, well below its fair value for the quarter. With 25.1% ROE, board seems more efficient in utilizing the equity base which in turn gives a better return to investors. Corresponding with its net income to assets and Industrial Goods sector, ROA has stayed less at 9.20% its good to see firm board have been systematic in using its assets to increase earnings or it seems so. At high beta business is attractive with respect to short time view and is not recommended for investors with a long-term view