Honeywell Aerospace (NASDAQ:HONA – Get Free Report)’s stock price dropped 1.2% during trading on Tuesday . The stock traded as low as $195.16 and last traded at $200.14. Approximately 3,197,502 shares were traded during mid-day trading, an increase of 7% from the average session volume of 2,987,597 shares. The stock had previously closed at $202.47.
Key Stories Impacting Honeywell Aerospace
Here are the key news stories impacting Honeywell Aerospace this week:
- Positive Sentiment: Honeywell Aerospace announced its largest-ever commercial equipment deal, with IndiGo selecting its avionics and power systems for 810 new Airbus aircraft, a major win that should boost future backlog and revenue visibility. Article Title
- Positive Sentiment: The company also said Aeromexico plans to deploy Honeywell’s SURF-A runway safety technology on more than 100 aircraft, adding another commercial win in aviation safety systems. Article Title
- Positive Sentiment: Honeywell was named to lead a European air mobility project focused on eVTOLs and cargo drones, which could strengthen its position in next-generation aerospace markets. Article Title
- Positive Sentiment: RBC Capital reiterated its Buy rating on Honeywell Aerospace, and some commentary pointed to the stock as potentially undervalued after recent contract wins and a notes exchange offer. Article Title Article Title
- Neutral Sentiment: UBS began coverage with a Neutral rating and a $231 price target, suggesting limited upside in the near term despite still implying some room above current levels. Article Title
- Neutral Sentiment: Reuters also highlighted the IndiGo avionics deal and Aeromexico runway safety adoption, reinforcing the recent contract momentum but offering no new financial guidance. Article Title
- Negative Sentiment: The stock has traded lower despite the contract announcements, suggesting investors may be focusing on valuation, near-term execution, or the lack of immediate earnings impact from the news. Article Title
Analyst Ratings Changes
Several analysts recently issued reports on HONA shares. 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 price target on the stock. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Wolfe Research assumed coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. BMO Capital Markets started coverage on Honeywell Aerospace in a report on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 target price on the stock. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $253.75.
Honeywell Aerospace Stock Down 1.2%
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.
Further Reading
- Five stocks we like better than Honeywell Aerospace
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Receive News & Ratings for Honeywell Aerospace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Honeywell Aerospace and related companies with MarketBeat.com's FREE daily email newsletter.
