Diversified technology and manufacturing company Honeywell
International Inc. (
) on Tuesday saw its "Buy" rating reiterated by analysts at
Jefferies & Co.
The firm also backed its $72 price target on HON, which suggests
a massive 63% upside to the stock's Monday closing price of
A Jefferies analyst commented, "We continue to rate Honeywell
International shares BUY. Our estimates remain unchanged at $4.00,
$4.40 and $4.85 for 2011, 2012, and 2013, respectively. With a
forward P/E multiple of about 10x and a dividend yield of about 3%,
the company is selling at a 20% discount to the S&P 500 and
offers a premium dividend yield with a superior growth rate."
Honeywell shares were unchanged in premarket trading
The Bottom Line
Shares of Honeywell (
) have a 3.01% dividend yield, based on last night's closing stock
price of $44.14. The stock has technical support in the $40-$42
price area. If the shares can firm up, we see overhead resistance
around the $47-$50 price levels.
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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, as well as a detailed explanation of
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