Honeywell Aerospace (NASDAQ:HONA) Stock Rating Upgraded by Susquehanna

Honeywell Aerospace (NASDAQ:HONA) was upgraded by equities researchers at Susquehanna to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

A number of other analysts have also recently commented on the stock. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a report on Sunday, July 12th. Melius Research set a $190.00 price objective on shares of Honeywell Aerospace in a research note on Monday. Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating for the company. Finally, Argus started coverage on Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $219.29.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $163.60 on Thursday. The company has a 50-day simple moving average of $178.07. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50. The stock has a market capitalization of $51.85 billion and a PE ratio of 87.49.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The business had revenue of $4.35 billion for the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Security National Bank of SO Dak purchased a new stake in Honeywell Aerospace in the second quarter valued at $27,000. HBK Investments L P purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $5,528,000. Anchor Investment Management LLC purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at about $93,000. Reynders McVeigh Capital Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $885,000. Finally, Cherry Tree Wealth Management LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter worth about $28,000.

Key Honeywell Aerospace News

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Susquehanna initiated coverage of Honeywell Aerospace with a positive rating, providing new analyst support for the stock and signaling confidence in its aerospace-market outlook. Susquehanna Initiates Coverage of Honeywell Aerospace at Positive
• Positive Sentiment: A bullish Seeking Alpha analysis argued that Honeywell Aerospace’s current headwinds should be temporary, supporting the case that production growth, demand and longer-term fundamentals could improve. Honeywell Aerospace: Strong Buy As Headwinds Should Be Temporary
• Positive Sentiment: Saudi Arabia’s potential $5.75 billion in arms purchases could benefit aerospace and defense suppliers, including Honeywell Aerospace, although the company’s actual share of any contracts remains uncertain. Saudi Arabia’s $5.75 Billion Potential Arms Sales
• Neutral Sentiment: CEO Jim Currier called GE Aerospace’s planned $11.75 billion acquisition of Consolidated Precision Products positive for the broader industry. However, Honeywell does not directly compete with CPP, and persistent aerospace supply constraints remain a concern. Honeywell CEO Calls GE-CPP Deal Positive Amid Persistent Supply Constraints
• Negative Sentiment: A recent analyst downgrade pressured the shares and likely heightened concerns about valuation, near-term growth or aerospace supply-chain execution. Honeywell Aerospace Stock Price Down After Analyst Downgrade
• Negative Sentiment: Jim Cramer said he could not “counsel owning” Honeywell Aerospace, adding prominent negative commentary and reinforcing short-term investor caution. Jim Cramer Says He Can’t Counsel Owning Honeywell Aerospace

About Honeywell Aerospace

Honeywell Aerospace is an aerospace technology company that develops and supplies systems, components and services for commercial aviation, business and general aviation, defense and space markets. Its portfolio includes aircraft engines, auxiliary power units, avionics, flight controls, navigation and communication systems, thermal management equipment, wheels and brakes, and other propulsion and safety technologies.

The company serves aircraft manufacturers, airlines, business aviation operators, military customers and aftermarket service providers around the world.