Honeywell Aerospace (NASDAQ:HONA) Given New $209.00 Price Target at BMO Capital Markets

Honeywell Aerospace (NASDAQ:HONAGet Free Report) had its target price cut by analysts at BMO Capital Markets from $276.00 to $209.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective would indicate a potential upside of 24.03% from the stock’s previous close.

HONA has been the subject of several other reports. Royal Bank Of Canada reduced their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research note on Thursday. Argus began coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, BNP Paribas Exane cut their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $228.75.

Read Our Latest Stock Analysis on Honeywell Aerospace

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $168.51 on Monday. Honeywell Aerospace has a 52-week low of $150.03 and a 52-week high of $297.50.

Honeywell Aerospace (NASDAQ:HONAGet Free Report) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion for the quarter. Sell-side analysts expect that Honeywell Aerospace will post 7.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Honeywell Aerospace during the 2nd quarter worth $5,253,341,000. Bank of New York Mellon Corp bought a new position in Honeywell Aerospace during the second quarter valued at about $644,412,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Honeywell Aerospace during the second quarter valued at about $205,658,000. Deutsche Bank AG purchased a new stake in Honeywell Aerospace during the second quarter worth about $152,933,000. Finally, Danica Pension Livsforsikringsaktieselskab purchased a new stake in Honeywell Aerospace during the second quarter worth about $21,402,000.

Honeywell Aerospace Company Profile

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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

Analyst Recommendations for Honeywell Aerospace (NASDAQ:HONA)

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