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Is Honeywell International (HON) Outperforming Other Conglomerates Stocks This Year?
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Investors interested in Conglomerates stocks should always be looking to find the best-performing companies in the group. Has Honeywell International (HON - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Conglomerates sector should help us answer this question.
Honeywell International is a member of the Conglomerates sector. This group includes 26 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. HON is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HON's full-year earnings has moved 1.31% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, HON has moved about 0.22% on a year-to-date basis. Meanwhile, the Conglomerates sector has returned an average of -7.11% on a year-to-date basis. As we can see, Honeywell International is performing better than its sector in the calendar year.
Breaking things down more, HON is a member of the Diversified Operations industry, which includes 26 individual companies and currently sits at #155 in the Zacks Industry Rank. On average, this group has lost an average of 7.11% so far this year, meaning that HON is performing better in terms of year-to-date returns.
Investors in the Conglomerates sector will want to keep a close eye on HON as it attempts to continue its solid performance.
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Is Honeywell International (HON) Outperforming Other Conglomerates Stocks This Year?
Investors interested in Conglomerates stocks should always be looking to find the best-performing companies in the group. Has Honeywell International (HON - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Conglomerates sector should help us answer this question.
Honeywell International is a member of the Conglomerates sector. This group includes 26 individual stocks and currently holds a Zacks Sector Rank of #10. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. HON is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for HON's full-year earnings has moved 1.31% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
According to our latest data, HON has moved about 0.22% on a year-to-date basis. Meanwhile, the Conglomerates sector has returned an average of -7.11% on a year-to-date basis. As we can see, Honeywell International is performing better than its sector in the calendar year.
Breaking things down more, HON is a member of the Diversified Operations industry, which includes 26 individual companies and currently sits at #155 in the Zacks Industry Rank. On average, this group has lost an average of 7.11% so far this year, meaning that HON is performing better in terms of year-to-date returns.
Investors in the Conglomerates sector will want to keep a close eye on HON as it attempts to continue its solid performance.