Thomson Reuters, a distinguished research firm, has put a 52-week price target of $126.76 on Honeywell International Inc. (NYSE:HON) shares after it questioned top market analysts. Calculating projected earnings after factoring different elements, it is predicted to be $6.67 for the next fiscal and $N/A for in progress quarter.
Analysts consider the price to earnings ratio to assess the firm’s valuation. This ratio, also known as the P/E ratio appraises the firm on relative expense factor. The method to estimate ratio is stock’s price/ per share earnings. Honeywell International Inc. (NYSE:HON)P/E ratio stands at 17.78.
In essence, the price-earnings ratio specifies the dollar amount a stockholder can expect to spend in a company in order to obtain one dollar of that firm’s earnings. It is why the P/E ratio is sometimes stated as the multiple because it displays how much investors are ready to pay per dollar of profits. If a company were now trading at a multiple of 20, the reading is that an investor is ready to pay $20 for $1 of present earnings.
Analysts work out Price/Earnings Growth ratio to assess the valuation of a firm. This ratio, commonly called as the PEG ratio hint at the stock’s valuation paralleled to earnings growth prospect. Investors want to invest in the stocks boasting a lower PEG ratio. For Honeywell International Inc. Co, the PEG ratio for next 3-5 years is 1.88.
The technical study highlights that Honeywell International Inc. Co current is trading $-3.60 points away or -3.10% from 50-day moving average of $115.96. It is trading $-1.68 or -1.48% away 200-day moving average of $114.04.
The 52-week high of Honeywell International Inc. (NYSE:HON) was $120.02 while lowest point in 52-week was $91.57. It shows if stock price records a movement of over $-7.66, it will touch 52-week high. Conversely, in the case of +22.70% drop, it will hit a new 52-week low.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...