Honeywell Aerospace (NASDAQ:HONA) Given Average Rating of “Hold” by Brokerages

Honeywell Aerospace (NASDAQ:HONA) has received an average recommendation of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $224.1667.

A number of equities analysts have issued reports on the stock. Argus assumed coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price for the company. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a research report on Sunday, August 9th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. Finally, BNP Paribas Exane cut their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, August 6th.

Institutional Trading of Honeywell Aerospace

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. purchased a new position in Honeywell Aerospace in the 2nd quarter valued at about $25,000. Leo H. Evart Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $26,000. Outlook Capital Management LLC acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $26,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $29,000. Finally, Bell Investment Advisors Inc purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $29,000.

Honeywell Aerospace Trading Up 2.3%

Shares of HONA stock opened at $164.01 on Thursday. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50. The stock has a market capitalization of $51.98 billion and a PE ratio of 87.71. The firm has a fifty day moving average price of $196.77.

Honeywell Aerospace (NASDAQ:HONA) last released its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. Analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Honeywell Aerospace Company Profile

Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.