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Market Update (NYSE:HON): Honeywell Survey: Airlines Risk Losing Passengers Due To Poor Wi-Fi

[PR Newswire] – PHOENIX, July 12, 2016 /PRNewswire/ — A survey of airline passengers by Honeywell (HON) reveals more than increased frustration with current in-flight Wi-Fi offerings compared with the company’s 2014 study. Nearly 3 of 4 passengers are ready to switch airlines today to have access to a faster and more reliable Wi-Fi connection. Read more on this. Honeywell International Inc. (HON) , valued at $90.80B, started trading this morning at $119.01. Looking at today’s trading action, the company’s one day range from $118.78 to $119.70 with the price of the stock fluctuating between $87.00 to $119.70 over the last 52 weeks. Priced at 17.80x this year’s forecasted earnings, HON shares are relatively expensive compared to the industry’s 13.44x forward p/e ratio. And for dividend hunters, the company pays shareholders $2.38 per share annually in dividends, yielding 2.00%. According to a consensus of 18 analysts, the earnings estimate of $1.64 per share would be $0.13 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.66 is a $0.56 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $10.13 Billion. If realized, that would be a 3.58% 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 is $125.18, which is 5.18% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – United Airlines Begins Regular Commercial Flights Using Renewable Jet Fuel Made From Honeywell UOP Technology Market Update: Honeywell International Inc (NYSE:HON) – Honeywell and NASA Put STEM Education in ‘Motion’ with FMA Live! Market Update: Honeywell International Inc (NYSE:HON) – Honeywell UOP XCeed™ Technology To Help HollyFrontier Meet Stricter Wastewater Regulations
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