A Normura Securities Analyst sees a surge in EPS for technology
and manufacturing company, Honeywell International Inc.(
Last week, HON reported third quarter earnings, beating analysts
expectations by 6 cents, even with a shortfall in expected revenue.
With Honeywell's future plans to improve, analysts at Normura are
expecting a surge in EPS growth.
An anaylst from the firm, Shannon O'Callaghan noted, "management
will provide a detailed look at 2013 on their December outlook
call. So far it sounds like Honeywell is planning for margin
expansion on low-single-digit growth. Management expects to realize
$150M of incremental restructuring saving in 2013 and for the
Thomas Russell acquisition to be accretive,"
Nomura Securities has a rating of a "Buy" on the company, and
has raised its price target from $71 to $72. This price suggests a
12% increase over the stock's current price of $62.86, a 24%
increase over the stock's YTD price of $54.60.
Honeywell shares were mostly flat Monday morning.
The Bottom Line
Shares of Honeywell (
) have a 2.43% dividend yield, based on Friday's closing stock
price of $62.49. The stock has technical support in the $56-$58
price area. The shares are bumping up near all-time highs.
Honeywell International Inc.(
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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