Honeywell (HON, Financial) is making strategic moves by acquiring Johnson Matthey's catalyst technologies segment for £1.8 billion in cash. This acquisition is set to bolster Honeywell's Energy and Sustainability Solutions division, paving the way for promising growth and cost efficiencies.
Key Insights for Investors
- Analyst consensus indicates a potential 7.75% upside for Honeywell shares.
- The acquisition aims to enhance Honeywell's Energy and Sustainability Solutions offerings.
- GuruFocus estimates a 4.5% upside based on GF Value projections.
Wall Street Analysts Forecast
According to forecasts from 21 analysts, Honeywell International Inc (HON, Financial) has an average price target of $239.06. Estimates range from a high of $300.00 to a low of $206.00, indicating a potential upside of 7.75% from the current market price of $221.87. For more in-depth analysis, visit the Honeywell International Inc (HON) Forecast page.
Brokerage Recommendations
The consensus among 27 brokerage firms gives Honeywell (HON, Financial) an average recommendation of 2.3, which falls under the "Outperform" category. The rating scale ranges from 1 (Strong Buy) to 5 (Sell), highlighting a positive sentiment toward Honeywell's market performance.
GuruFocus Valuation
Based on GuruFocus projections, the estimated GF Value for Honeywell International Inc (HON, Financial) over the next year is $231.85. This suggests a 4.5% upside from the current trading price of $221.87. GF Value represents GuruFocus's assessment of the stock's fair value, derived from historical trading multiples, prior business growth, and future performance estimates. More details are available on the Honeywell International Inc (HON) Summary page.
With strategic acquisitions and strong analyst support, Honeywell presents a compelling investment opportunity for those looking to enhance their portfolios with sustainable growth stocks.
