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Honeywell International (HON) Stock Forecast & Price Target

Honeywell International logo
$225.21 -1.46 (-0.64%)
(As of 11:52 AM ET)

Honeywell International - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
9
Buy
4

Based on 13 Wall Street analysts who have issued ratings for Honeywell International in the last 12 months, the stock has a consensus rating of "Hold." Out of the 13 analysts, 9 have given a hold rating, and 4 have given a buy rating for HON.

Consensus Price Target

$241.45
7.21% Upside
According to the 13 analysts' twelve-month price targets for Honeywell International, the average price target is $241.45. The highest price target for HON is $298.00, while the lowest price target for HON is $210.00. The average price target represents a forecasted upside of 7.21% from the current price of $225.21.
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HON Analyst Ratings Over Time

TypeCurrent Forecast
11/22/23 to 11/21/24
1 Month Ago
10/23/23 to 10/22/24
3 Months Ago
8/24/23 to 8/23/24
1 Year Ago
11/22/22 to 11/22/23
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
4 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
3 Buy rating(s)
Hold
9 Hold rating(s)
6 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$241.45$223.56$225.00$213.00
Forecasted Upside7.21% Upside0.54% Upside11.12% Upside10.76% Upside
Consensus Rating
Hold
Hold
Hold
Hold

HON Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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HON Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Honeywell International Stock vs. The Competition

TypeHoneywell InternationalMulti-Sector Conglomerates CompaniesS&P 500
Consensus Rating Score
2.31
2.75
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside7.10% Upside20.33% Upside9.87% Upside
News Sentiment Rating
Positive News

See Recent HON News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/14/2024Bank of America
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$220.00 ➝ $240.00+2.97%
11/13/2024UBS Group
4 of 5 stars
D. Karas
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Reiterated RatingNeutral ➝ Buy$215.00 ➝ $298.00+27.44%
11/13/2024Wells Fargo & Company
3 of 5 stars
 Boost TargetEqual Weight ➝ Equal Weight$215.00 ➝ $254.00+8.75%
11/13/2024Barclays
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 Boost TargetOverweight ➝ Overweight$229.00 ➝ $252.00+7.63%
11/13/2024Royal Bank of Canada
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 Boost TargetSector Perform ➝ Sector Perform$213.00 ➝ $253.00+7.64%
10/28/2024Wolfe Research
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N. Coe
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DowngradeOutperform ➝ Peer Perform
10/25/2024Baird R W
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P. Arment
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DowngradeStrong-Buy ➝ Hold
10/25/2024Citigroup
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 Lower TargetBuy ➝ Buy$248.00 ➝ $244.00+17.68%
10/25/2024JPMorgan Chase & Co.
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 Lower TargetNeutral ➝ Neutral$235.00 ➝ $233.00+11.98%
10/25/2024Robert W. Baird
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 DowngradeOutperform ➝ Neutral$223.00 ➝ $217.00+3.78%
9/6/2024Morgan Stanley
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 Initiated CoverageEqual Weight$210.00+3.46%
6/5/2024Daiwa America
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J. Nathan
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UpgradeModerate Buy
4/16/2024Deutsche Bank Aktiengesellschaft
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 Reiterated RatingBuy ➝ Hold$227.00 ➝ $215.00+10.80%
3/6/2024Berenberg Bank
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 UpgradeHold ➝ Buy$195.00 ➝ $240.00+21.61%
4/28/2023Mizuho
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 Boost Target$220.00 ➝ $225.00+13.29%
2/14/2023HSBC
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 Boost TargetHold$190.00 ➝ $205.00+0.80%
2/3/2023Credit Suisse Group
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 Lower TargetNeutral$202.00 ➝ $200.00-3.56%
11/21/2022The Goldman Sachs Group
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 Boost Target$234.00+7.99%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 12:11 PM ET.


Should I Buy Honeywell International Stock? HON Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 7, 2024. Please send any questions or comments about these Honeywell International pros and cons to contact@marketbeat.com.

Honeywell International
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Honeywell International Inc.:

  • Honeywell International Inc. has consistently shown strong quarterly earnings performance, beating consensus estimates, indicating financial stability and growth potential.
  • The company has a healthy dividend payout ratio of 52.38%, providing investors with a steady income stream through dividends.
  • Honeywell International Inc. has a solid return on equity of 36.87%, showcasing efficient utilization of shareholder equity to generate profits.
  • With a debt-to-equity ratio of 1.19, Honeywell International Inc. maintains a balanced capital structure, reducing financial risk for investors.
  • The company's current ratio of 1.21 and quick ratio of 0.91 suggest strong liquidity positions, ensuring the ability to meet short-term obligations.

Honeywell International
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Honeywell International Inc. for these reasons:

  • Analysts have issued mixed ratings on Honeywell International Inc., with some downgrades and price target reductions, indicating uncertainty in the market perception of the company.

HON Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Honeywell International is $241.45, with a high forecast of $298.00 and a low forecast of $210.00.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Honeywell International in the last year. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HON shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HON, but not buy additional shares or sell existing shares.

According to analysts, Honeywell International's stock has a predicted upside of 7.21% based on their 12-month stock forecasts.

Over the previous 90 days, Honeywell International's stock had 4 downgrades by analysts.

Honeywell International has been rated by research analysts at Baird R W, Bank of America, Barclays, Citigroup, JPMorgan Chase & Co., Morgan Stanley, Robert W. Baird, Royal Bank of Canada, UBS Group, Wells Fargo & Company, and Wolfe Research in the past 90 days.

Analysts like Honeywell International less than other "multi-sector conglomerates" companies. The consensus rating for Honeywell International is Hold while the average consensus rating for "multi-sector conglomerates" companies is Moderate Buy. Learn more on how HON compares to other companies.


This page (NASDAQ:HON) was last updated on 11/21/2024 by MarketBeat.com Staff
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