Honeywell International shares got a rating boost from Deutsche Bank, on the industrial company’s attractiveness in its peer group.
Deutsche Bank Nicole DeBlase raised rating on Honeywell shares to buy from hold. DeBlase hiked her price target to $244 from $222 per share.
According to DeBlase, despite Honeywell's solid metrics and other factors, the stock has been the worst performer in the multi-industry, electrical equipment and machinery (MI/EE) group year-to-date, after only showing average performance in 2020. DeBlase views this as a “rare opportunity” to upgrade rating on the stock, particularly as the bank now expects 5% and 10% upside to consensus EPS forecasts for 2021 and 2022, among the most attractive in the MI/EE group.
The RSI Indicator for HON moved out of oversold territory on April 18, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 32 similar instances when the indicator left oversold territory. In of the 32 cases the stock moved higher. This puts the odds of a move higher at .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 66 cases where HON's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 30, 2024. You may want to consider a long position or call options on HON as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for HON just turned positive on May 01, 2024. Looking at past instances where HON's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HON advanced for three days, in of 338 cases, the price rose further within the following month. The odds of a continued upward trend are .
HON moved below its 50-day moving average on April 10, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for HON crossed bearishly below the 50-day moving average on April 12, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where HON declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
HON broke above its upper Bollinger Band on March 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for HON entered a downward trend on April 26, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. HON’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: HON's P/B Ratio (8.313) is slightly higher than the industry average of (2.370). P/E Ratio (23.851) is within average values for comparable stocks, (19.777). Projected Growth (PEG Ratio) (2.073) is also within normal values, averaging (1.508). Dividend Yield (0.021) settles around the average of (0.126) among similar stocks. P/S Ratio (3.682) is also within normal values, averaging (150.323).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an industrial conglomerate which operates as a diversified technology and manufacturing company
Industry MetalFabrication