Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell Provides Clearer Picture For Helicopter Pilots In Low-Visibility And Inclement Environments

[PR Newswire] – PHOENIX, Feb. 16, 2016 /PRNewswire/ — Honeywell (HON) has been awarded a contract from the Defense Advanced Research Projects Agency to continue improving three-dimensional visibility and safety for U.S. military helicopter pilots experiencing inclement weather and harsh environments. As part of the Defense Advanced Research Projects Agency’s (DARPA) Multifunction Radio Frequency effort, Honeywell will program, update and integrate the company’s Synthetic Vision Avionics Backbone (SVAB) solution on U.S. military test helicopters such as the UH-60 Black Hawk. Honeywell’s technology provides pilots with the most accurate “out-the-window,” 3-D view on their primary flight displays, which is critical in low-visibility environments that mask hidden dangers such as treacherous terrain, other aircraft or utility wires. Read more on this. Honeywell International Inc. (HON) , with a current market cap of $80.39B, started the session at $104.47. A quick look at the market, the company’s stock traded between $104.19 and $105.42 with a one year range of $87.00 to $107.41. Priced at 15.70x this year’s forecasted earnings, HON shares are relatively expensive compared to the industry ’s 13.20x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.38 per share annually in dividends, yielding 2.30%. In a review of the consensus earnings estimate this quarter, 19 sell-side analysts are looking at $1.50 per share, which would be $0.09 better than the year-ago quarter and a $0.04 sequential decrease. The full-year EPS estimate is $6.59 which would be a $0.49 better than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.36 Billion. If realized, that would be a 1.63% increase over the year-ago quarter. In terms of ratings, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. The average price target for HON shares is $114.81, which is 9.90% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell Completes Acquisition Of COM DEV International’s Space Hardware And Systems Business Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell to Present at Cowen and Company Aerospace/Defense Conference & Transport One-on-One Forum Stock Update: Honeywell International Inc (NYSE:HON) – Honeywell To Present At Deutsche Bank Global Auto Industry Conference