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What Investors Can Expect from Honeywell's 2Q17 Results

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Part 4
What Investors Can Expect from Honeywell's 2Q17 Results PART 4 OF 5

Analysts’ Recommendations for Honeywell before Its 2Q17 Earnings

Analysts’ consensus view on Honeywell

On July 13, 2017, 21 analysts tracked Honeywell (HON) stock actively. Among them, 84% of the analysts recommended a “buy,” 14% of the analysts recommended a “hold,” and none of the analysts recommended a “sell” for HON.

Analysts’ consensus indicates HON’s 12-month target price to be $138.40, implying a potential return of ~2.3% over the closing price of $135.33 on July 13, 2017.

Analysts&#8217; Recommendations for Honeywell before Its 2Q17 Earnings

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No “sell” recommendations

Honeywell posted better-than-expected 1Q17 earnings and beat analysts’ estimates. It also raised its low-end guidance of earnings per share for fiscal 2017. The new guidance is expected to be $6.90–$7.10. Further, positive developments in 2Q16 are expected to drive the stock’s growth. As a result, most of the analysts recommended a “buy” for HON.

Target prices for Honeywell by individual brokerage firms

  • Morgan Stanley (MS) recommended Honeywell with a target price of $141.00, which implies a potential return of 4.2% over the July 13 closing price of $135.33.
  • HSBC (HSBC) rated Honeywell as a “buy” and recommended a target price of $147, implying a potential return of 8.6% from the closing price of $135.33 on July 13, 2017.
  • Citigroup recommended Honeywell with a target price of $147.00, which implies a potential return of 8.6% over the July 13 closing price of $135.33.

Investors can indirectly hold Honeywell by investing in the Vanguard Industrials ETF (VIS), which invests 3.5% of its portfolio in Honeywell. The top holdings of the fund include General Electric (GE) and 3M (MMM), with weights of 8.4% and 4.5%, respectively, on July 13, 2017.

In the final part of this series, we’ll look into Honeywell’s latest valuations.

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