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Market Update (NYSE:HON): Honeywell UOP Technology Powering Commercial-Scale Biorefinery In California, Making Renewable Fuel A Commercial Reality

[PR Newswire] – DES PLAINES, Ill., March 10, 2016 /PRNewswire/ — Honeywell (HON) UOP announced today its process technology is being used to produce commercial-scale amounts of renewable jet and diesel fuels. AltAir Paramount LLC is using Honeywell UOP’s proprietary renewable jet fuel process technology to convert a variety of sustainable feedstocks into Honeywell Green Jet Fuel™ at the world’s first dedicated commercial-scale renewable jet fuel production facility. Read more on this. Honeywell International Inc. (HON) , valued at $83.79B, opened this morning at $109.05. Looking at the stock, its one day range is $108.71 to $109.33 with the price of the stock fluctuating between $87.00 to $111.86 over the last 52 weeks. HON shares are currently priced at 16.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.72x earnings multiple for the same period. And for passive income investors, the company pays shareholders $2.38 per share annually in dividends, yielding 2.20%. Consensus earnings for the current quarter by the 19 sell-side analysts covering the stock is an estimate of $1.50 per share, which would be $0.09 better than the year-ago quarter and a $0.02 sequential decrease. The full-year EPS estimate is $6.61 which would be a $0.51 better than last year’s full-year earnings. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.36 Billion. If reported, that would be a 1.63% increase over the year-ago quarter. More recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. When considering if the stock is under or overvalued, the average price target is $117.35, which is 7.61% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell Develops Virtual Reality Technology for Future DARPA and U.S. Army Ground Vehicles Market Update (NYSE:HON): Honeywell UOP Technology, Modular Equipment Powers New Clean Fuels Refinery In Pakistan Market Update: Honeywell International Inc (NYSE:HON) – Honeywell UOP XCeed™ Technology To Help HollyFrontier Meet Stricter Wastewater Regulations
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