December 15th, 2015

Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Lead Infrastructure Modernization Initiative At Tobyhanna Army Depot

[PR Newswire] – MINNEAPOLIS and TOBYHANNA, Pa., June 2, 2016 /PRNewswire/ — Honeywell (HON) and the U.S. Army announced a $29 million modernization project at Tobyhanna Army Depot in Pennsylvania. The project will provide critical facility upgrades that are expected to lower the army depot’s annual energy consumption by more than 20 percent and water consumption by more than 8 percent. According to the U.S. Environmental Protection Agency’s calculator, such a reduction in energy consumption each year results in a reduction in greenhouse gas emissions by approximately 9,500 metric tons per year and is comparable to removing 2,000 cars from the road every year. Read more on this. Honeywell International Inc. (HON) , valued at $86.87B, opened this morning at $114.05. Looking at today’s trading action, the company’s one day range from $113.54 to $114.46 with the price of the stock fluctuating between $87.00 to $116.56 over the last 52 weeks. HON shares are currently priced at 17.15x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.75x earnings multiple. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.64 per share, which would be $0.13 better than the year-ago quarter and a $0.01 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.66 is a $0.56 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $10.13 Billion. If reported, that would be a 3.58% increase over the year-ago quarter. In terms of ratings, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. When considering if perhaps the stock is under or overvalued, the average price target is $124.84, which is 9.46% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell and NASA Put STEM Education in ‘Motion’ with FMA Live! Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell Develops Virtual Reality Technology for Future DARPA and U.S. Army Ground Vehicles Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition Of COM DEV International’s Space Hardware And Systems Business
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