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4-Traders Homepage  >  Equities  >  Nyse  >  Honeywell International    HON

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Buying opportunity

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06/06/2012 | 05:30pm

The support area of USD 51.55 might facilitate a rally, at least technical. The fundamentals of the company could validate this scenario.

From a fundamental viewpoint, the security is cheap with price earnings ratio of 11.9x for this year and for next year it is estimated to 10.65x. This level of valuation allows it to be cheaper than the industry average. In addition it has also a weak entreprise value to sales ratio at 1.15x for this year.

Currently, the share is in the oversold zone and moving in a bearish trend on the medium-term. In the short-term, this trend could be reversed in contact with USD 51.55. The share should be able to rise in the coming sessions. This support represents an important purchase opportunity within the framework of a technical rebound towards of USD 57.62 and then to the USD 61.78.

Considering technical and fundamental elements, the timing seems appropriate to buy Honeywell International's share in the current trading range to benefit from the support of USD 51.55. We could forecast a first target price of USD 57.62, with a potential gain of 8.1%. We could put a stop loss under medium-term support's level. However, only if the share crosses the resistance's level of USD 57.62 we could validate a bullish trend return and we will forecast a higher target.


Etienne Veber
© Zonebourse.com 2012
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials ($)
Sales 2017 39 896 M
EBIT 2017 7 576 M
Net income 2017 5 456 M
Debt 2017 7 147 M
Yield 2017 1,93%
P/E ratio 2017 20,28
P/E ratio 2018 18,47
EV / Sales 2017 2,91x
EV / Sales 2018 2,76x
Capitalization 109 B
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Chart HONEYWELL INTERNATIONAL
Duration : Period : Day
Honeywell International Technical Analysis Chart | HON | US4385161066 | 4-Traders
Duration : Period : Week
Honeywell International Technical Analysis Chart | HON | US4385161066 | 4-Traders