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)

[PR Newswire] – DES PLAINES, Ill., Jan. 12, 2016 /PRNewswire/ — Honeywell (HON) announced today that it will supply a 250 million standard cubic feet per day (mmscfd) modular gas processing plant and advanced automation systems to PetroVietnam subsidiary, PV Gas. PV Gas, Vietnam’s primary gas provider, will use Honeywell UOP’s modular gas processing plant to separate liquefied petroleum gas (LPG) from natural gas at its Ca Mau facility near the southern tip of Vietnam. Read more on this. Honeywell International Inc. (HON) , valued at $76.05B, began trading this morning at $99.20. During today’s session, HON traded between $98.59 to $99.59 and has traded between $87.00 and $107.41 over the past year. Priced at 16.13x this year’s forecasted earnings, HON shares are relatively expensive compared to the industry’s 15.27x forward p/e ratio. And for income investors, the company pays shareholders $2.38 per share annually in dividends, yielding 2.42%. In a review of the consensus earnings estimate this quarter, 18 sell-side analysts are looking at $1.59 per share, which would be $0.16 better than the year-ago quarter and a $0.05 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $6.10 is a $0.54 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 $9.99 Billion. If realized, that would be a 2.73% decrease over the year-ago quarter. More 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 $114.90, which is 15.83% above where the stock opened this morning. See more in (NYSE:HON) Similar Articles: Market Update: Honeywell International Inc (NYSE:HON) – Texas LNG Selects Honeywell Technology For New Liquefied Natural Gas Production Facility In South Texas Company Update: Honeywell International Inc (NYSE:HON) – PennTex Midstream Partners, LP Starts Second Honeywell UOP Russell Modular Gas Processing Plant Market Update: Honeywell International Inc (NYSE:HON) – Honeywell To Improve Operations For Liquefied Natural Gas Pipeline In China