Honeywell International (HON) Stock Forecast & Price Target

$230.50 +1.39 (+0.61%)

(As of 02:15 PM 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

Hold

Based on 13 Analyst Ratings

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
4.75% 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 4.75% from the current price of $230.50.

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HON Analyst Ratings Over Time

Type	Current Forecast 11/26/23 to 11/25/24	1 Month Ago 10/27/23 to 10/26/24	3 Months Ago 8/28/23 to 8/27/24	1 Year Ago 11/26/22 to 11/26/23
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)	9 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	$223.73	$225.00	$213.00
Forecasted Upside	4.75% Upside	7.56% Upside	9.17% Upside	10.13% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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.

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.

Honeywell International Stock vs. The Competition

Type	Honeywell International	Multi-Sector Conglomerates Companies	S&P 500
Consensus Rating Score	2.31	2.75	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	4.72% Upside	16.43% Upside	6.46% Upside
News Sentiment Rating	Positive News See Recent HON News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/14/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$220.00 ➝ $240.00	+2.97%
11/13/2024	UBS Group 4 of 5 stars	D. Karas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Neutral ➝ Buy	$215.00 ➝ $298.00	+27.44%
11/13/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$215.00 ➝ $254.00	+8.75%
11/13/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$229.00 ➝ $252.00	+7.63%
11/13/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$213.00 ➝ $253.00	+7.64%
10/28/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	N. Coe Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
Get the Latest News and Ratings for HON and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Honeywell International and its competitors with MarketBeat's FREE daily newsletter.
10/25/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Arment Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/25/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$248.00 ➝ $244.00	+17.68%
10/25/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$235.00 ➝ $233.00	+11.98%
10/25/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$223.00 ➝ $217.00	+3.78%
9/6/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Equal Weight	$210.00	+3.46%
6/5/2024	Daiwa America Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Nathan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Buy
4/16/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold	$227.00 ➝ $215.00	+10.80%
3/6/2024	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$195.00 ➝ $240.00	+21.61%
4/28/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$220.00 ➝ $225.00	+13.29%
2/14/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$190.00 ➝ $205.00	+0.80%
2/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$202.00 ➝ $200.00	-3.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:32 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 Friday, November 22, 2024. Please send any questions or comments about these Honeywell International pros and cons to contact@marketbeat.com.

Honeywell International
Bull Case

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

The recent increase in the quarterly dividend to $1.13 per share reflects the company's commitment to returning value to shareholders, indicating strong financial health and a positive outlook.
Honeywell International Inc. has a current stock price around $240, which is near its 52-week high of $242.77, suggesting strong market performance and investor confidence.
Analysts have a consensus price target of $241.45, indicating potential for price appreciation, as many analysts have recently upgraded their ratings and price targets for the stock.
The company operates in diverse sectors such as aerospace technologies and industrial automation, which can provide stability and growth opportunities in various market conditions.
With a payout ratio of 52.19%, Honeywell International Inc. maintains a balanced approach to distributing profits while reinvesting in growth, which can be attractive for long-term investors.

Honeywell International
Bear Case

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

Despite recent upgrades, some analysts have downgraded their ratings, indicating mixed sentiments about the stock's future performance.
The stock has experienced fluctuations, with a 52-week low of $189.66, which may raise concerns about volatility and market risk.
Honeywell International Inc. operates in highly competitive industries, which can impact profit margins and market share, posing risks to investors.
The company's payout ratio, while manageable, indicates that a significant portion of earnings is distributed as dividends, which could limit funds available for reinvestment in growth initiatives.
Recent reports suggest that some analysts have set conservative price targets, which may indicate a lack of confidence in significant short-term growth.

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 twelve months. 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 4.75% 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.

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This page (NASDAQ:HON) was last updated on 11/25/2024 by MarketBeat.com Staff

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Honeywell International (HON) Stock Forecast & Price Target