UBS Maintains a 'Neutral' on Honeywell International (HON); Longer-cycle Businesses Expected to See Moderating Growth
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Price: $233.96 -0.01%
Rating Summary:
19 Buy, 18 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
19 Buy, 18 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Honeywell International (NYSE: HON) price target raised from $57 to $61.
Analyst, Jason Feldman, said, "Q1 adjusted EPS of $1.04 was ahead of consensus ($0.99) and guidance of $0.96-$0.98. The beat was driven by commercial Aero (+18% core equipment and +16% aftermarket sales) and UOP (+40%). Results at ACS and Transportation were roughly in-line, with both businesses impacted by European and China weakness. Segment margin of 15.2% increased 70 bps YoY and 10bps Q0Q; we estimate segment incremental margins of ~24%. Overall, a very strong quarter, in our view."
FY12 EPS estimate increassed from $4.40 to $4.50 and FY13 from $4.90 to $5.00.
For an analyst ratings summary and ratings history on Honeywell International click here. For more ratings news on Honeywell International click here.
Shares of Honeywell International closed at $59.39 yesterday.
Analyst, Jason Feldman, said, "Q1 adjusted EPS of $1.04 was ahead of consensus ($0.99) and guidance of $0.96-$0.98. The beat was driven by commercial Aero (+18% core equipment and +16% aftermarket sales) and UOP (+40%). Results at ACS and Transportation were roughly in-line, with both businesses impacted by European and China weakness. Segment margin of 15.2% increased 70 bps YoY and 10bps Q0Q; we estimate segment incremental margins of ~24%. Overall, a very strong quarter, in our view."
FY12 EPS estimate increassed from $4.40 to $4.50 and FY13 from $4.90 to $5.00.
For an analyst ratings summary and ratings history on Honeywell International click here. For more ratings news on Honeywell International click here.
Shares of Honeywell International closed at $59.39 yesterday.
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