Honeywell International Inc. (NYSE:HON) a Buy: Cowen & Co

In a research note issued to investors, Gautam Khanna at Cowen & Co Reiterated their Buy rating on Honeywell International Inc. (NASDAQ:HON). The analyst placed a $116.00 price target on the stock which indicates a 9.25% upside to the last closing price. In the year following Gautam’s ratings, the stocks covered yield an average return of 12.9% according to In the past year 15 out of 22 recommendations or 68% were successful.

In looking at the consensus numbers, the sell-side analysts covering the stock have a mean target price of $112.2 for Honeywell International Inc. (NYSE:HON). This number is the mean estimate from the 15 research brokerages that recently issued reports on the firm.

According to Wall Street, Honeywell International Inc. (NYSE:HON) is expected to report earnings per share for the current fiscal quarter of $1.5. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-03-31 of $1.41.

The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell, has the equity is ranked 1.53 based on 15 broker recommendations. Of the 15 analyst estimates, the most bullish sees the stock reaching $121 within the next 12 months while the most bearish analyst sees the stock at $98 within the year.

Taking a look at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $6.24. The high end estimate for this time frame is $6.37 with the low being $6.03. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 10.01%, based on 6 analysts providing projections.

Honeywell International Inc. (Honeywell) is a diversified technology and manufacturing company, serving customers worldwide with aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation. Honeywell operates four business segments: Aerospace, Automation and Control Solutions, Performance Materials and Technologies, and Transportation Systems. In June 2013, the Company acquired RAE Systems, Inc. In September 2013, Honeywell International Inc announced that it has completed its acquisition of Intermec Inc, a provider of mobile computing, radio frequency identification solutions (RFID), voice-enabled workflow and data-collection solutions, and printing solutions.