RBC Capital analyst Deane Dray reiterated a Hold rating on Honeywell International (NYSE: HON) yesterday and set a price target of $160. The company’s shares closed on Friday at $153.13.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 4.9% and a 60.8% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Honeywell International with a $166.50 average price target.
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Based on Honeywell International’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.92 billion and net profit of $1.27 billion. In comparison, last year the company earned revenue of $10.08 billion and had a net profit of $1.39 billion.
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