Honeywell Has a Strong Potential Upside

Honeywell Honeywell International Inc. (NYSE: HON) is a large conglomerate based in Charlotte, North Carolina. Its vastly ranging business interests fall within four key categories, including aerospace, building technology, safety and productivity, and performance materials and technology. The company is a reliable fiscal performer and is profitable with a gross margin above 38% and an EBITDA margin of 23%.

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Honeywell is considered a strong growth and income stock in a normal market. With today’s unique conditions created by the Coronavirus Pandemic, it has become even more appealing for investors. Honeywell is a major producer of medical equipment and personal protective equipment, and it is already seeing a sales volume increase related to the current health crisis.

This company is a solid pick because it is highly diversified. The stock market is volatile today. It’s difficult to predict winning and losing industries over the current year. Honeywell’s range of business interests makes it less susceptible to market trends.

Some analysts are bullish on this stock today. J.P. Morgan recently raised their target price to $177, suggesting a strong upside. In addition to the potential growth of the stock price, there’s also a reliable 2.32% dividend yield, making this an income option to consider in an otherwise uncertain market.

Key Data:

  • 1 Year Price Growth: -10.70%
  • YTD Price Growth: -12.43%
  • 3 Month Price Growth: 22%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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