Honeywell Aerospace (NASDAQ:HONA) Raised to Hold at Zacks Research

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

Several other equities research analysts also recently weighed in on the stock. BNP Paribas Exane cut their target price on shares of Honeywell Aerospace from $210.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Argus set a $210.00 price target on shares of Honeywell Aerospace in a research report on Friday, October 9th. JPMorgan Chase & Co. dropped their price target on shares of Honeywell Aerospace from $235.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, October 29th. Weiss Ratings raised Honeywell Aerospace from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday. Finally, Melius Research set a $190.00 price objective on Honeywell Aerospace in a research note on Monday, September 14th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $196.47.

View Our Latest Research Report on Honeywell Aerospace

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $157.50 on Monday. The firm has a market cap of $49.93 billion and a P/E ratio of 84.22. The firm has a 50-day moving average price of $159.78. Honeywell Aerospace has a 1-year low of $149.19 and a 1-year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.90 by $0.31. The business had revenue of $4.64 billion for the quarter. On average, sell-side analysts anticipate that Honeywell Aerospace will post 7.93 EPS for the current fiscal year.

Institutional Trading of Honeywell Aerospace

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter worth about $5,253,341,000. State Street Corp purchased a new position in shares of Honeywell Aerospace during the second quarter worth about $2,945,044,000. Wellington Management Group LLP acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $1,705,882,000. Bank of America Corp DE acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $1,034,187,000. Finally, Bank of New York Mellon Corp acquired a new position in Honeywell Aerospace in the 2nd quarter valued at about $644,412,000.

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Honeywell Aerospace Company Profile

(Get Free Report)

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

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Analyst Recommendations for Honeywell Aerospace (NASDAQ:HONA)

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