Deutsche Bank Aktiengesellschaft Upgrades Honeywell International (NASDAQ:HON) to “Buy”

Honeywell International (NASDAQ:HON) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Friday,Finviz reports. The brokerage presently has a $260.00 target price on the conglomerate’s stock, up from their prior target price of $236.00. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 23.92% from the stock’s previous close.

Several other analysts also recently commented on the company. UBS Group reaffirmed a “buy” rating and set a $298.00 price objective (up from $215.00) on shares of Honeywell International in a research note on Wednesday, November 13th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 target price for the company in a research note on Wednesday, December 11th. StockNews.com downgraded Honeywell International from a “buy” rating to a “hold” rating in a research note on Monday, December 23rd. Bank of America raised their target price on Honeywell International from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Barclays increased their price target on shares of Honeywell International from $255.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, January 17th. Ten research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $251.50.

Honeywell International Price Performance

Shares of NASDAQ HON opened at $209.82 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.12 and a debt-to-equity ratio of 1.44. The stock has a market cap of $136.44 billion, a P/E ratio of 24.23, a P/E/G ratio of 2.57 and a beta of 1.05. The stock has a 50 day moving average of $225.46 and a two-hundred day moving average of $215.23. Honeywell International has a twelve month low of $189.75 and a twelve month high of $242.77.

Honeywell International (NASDAQ:HON) last issued its quarterly earnings results on Thursday, February 6th. The conglomerate reported $2.47 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.10. Honeywell International had a net margin of 15.02% and a return on equity of 37.77%. On average, research analysts forecast that Honeywell International will post 9.78 earnings per share for the current year.

Hedge Funds Weigh In On Honeywell International

Institutional investors have recently modified their holdings of the company. Teachers Insurance & Annuity Association of America acquired a new stake in shares of Honeywell International during the third quarter worth $25,000. Mainstream Capital Management LLC acquired a new stake in Honeywell International in the 4th quarter worth about $25,000. Reston Wealth Management LLC purchased a new stake in Honeywell International in the 3rd quarter valued at about $29,000. Hoese & Co LLP acquired a new position in shares of Honeywell International during the 4th quarter valued at about $30,000. Finally, Financial Avengers Inc. lifted its holdings in shares of Honeywell International by 48.1% during the 3rd quarter. Financial Avengers Inc. now owns 154 shares of the conglomerate’s stock worth $32,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.