Market Update: Honeywell International Inc (NYSE:HON) – State Oil Company Of Azerbaijan Republic Selects Honeywell UOP Technology To Modernize Its Heydar Aliyev Refinery

[PR Newswire] – DES PLAINES, Ill., March 15, 2016 /PRNewswire/ — Honeywell (HON) announced today that the State Oil Company of Azerbaijan Republic (SOCAR) will use a suite of Honeywell UOP technologies to modernize its oil refinery in Baku, Azerbaijan, to produce high-quality gasoline that meets stricter emission standards. The effort will help Azerbaijan meet growing domestic demand for transportation fuels that meet international emission standards equivalent to Euro V fuel requirements. “Honeywell UOP will provide a suite of technologies that will allow SOCAR to efficiently produce higher octane gasoline with far fewer contaminants,” said Pete Piotrowski, vice president and general manager for Honeywell UOP. Read more on this. Honeywell International Inc. (HON) , currently valued at $83.11B, ended trading at $108.51. Shares have traded today between $107.58 and $108.19 per share and has traded between $87.00 and $111.86 over the past year. HON shares are currently priced at 16.42x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 14.83x earnings multiple for the same period. And for those looking to make a return holding the stock, the company pays shareholders $2.38 per share annually in dividends, yielding 2.18%. 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 increase. In looking at the bigger picture, the full-year EPS estimate of $6.61 would be a $0.51 better when compared to the previous 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. 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 8.15% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Help Reduce Delays And Improve Airport Congestion In Dominican Republic With Its Digital Precision Landing System Market Update (NYSE:HON): Honeywell UOP Technology, Modular Equipment Powers New Clean Fuels Refinery In Pakistan Market Update: Honeywell International Inc (NYSE:HON) – Vietnam’s PV Gas Selects Honeywell Modular Gas Processing Plant And Automation To Produce Liquefied Petroleum Gas (LPG)
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