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Market Update: Honeywell International Inc (NYSE:HON) – United Airlines Begins Regular Commercial Flights Using Renewable Jet Fuel Made From Honeywell UOP Technology

[PR Newswire] – DES PLAINES, Ill., March 11, 2016 /PRNewswire/ — Honeywell (HON) UOP announced that starting today United Airlines will use Honeywell Green Jet Fuel™ to power 12,500 flights from Los Angeles to San Francisco as part of its efforts to reduce carbon emissions and support energy diversification. Fuel for the flights was produced by AltAir Paramount LLC using Honeywell UOP’s proprietary renewable jet fuel process technology, which converts non-edible animal fats and oils into renewable fuels. Read more on this. Honeywell International Inc. (HON) , valued at $84.25B, began trading this morning at $109.61. Today’s price range has been between $109.25 and $109.88 per share with a trailing 52-week range being $87.00 to $111.86. Priced at 16.28x this year’s forecasted earnings, HON shares are relatively expensive compared to the industry’s 13.72x forward p/e ratio. The company pays shareholders $2.38 per share in dividend income per year, for a current yield of 2.21%. 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. Furthermore, our analysis shows the full-year EPS estimate to be $6.61, which would be a $0.51 better when compared to the last year’s annual results. 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. Recently, UBS Initiated HON at Neutral (Jan 22, 2015). Previously, Stifel Nicolaus Initiated HON at to Buy. The average price target for HON shares by the analysts covering the stock is $117.35, which is 7.06% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update (NYSE:HON): Honeywell UOP Technology Powering Commercial-Scale Biorefinery In California, Making Renewable Fuel A Commercial Reality Market Update: Honeywell International Inc (NYSE:HON) – Honeywell, United Tech held merger talks: sources Market Update: Honeywell International Inc (NYSE:HON) – Honeywell UOP XCeed™ Technology To Help HollyFrontier Meet Stricter Wastewater Regulations
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