Honeywell Aerospace (NASDAQ:HONA – Get Free Report)’s share price shot up 3.7% during trading on Monday . The company traded as high as $165.00 and last traded at $164.08. Approximately 4,090,505 shares were traded during trading, an increase of 14% from the average daily volume of 3,576,827 shares. The stock had previously closed at $158.26.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. BNP Paribas Exane lowered their target price on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Finally, Melius Research set a $190.00 price target on shares of Honeywell Aerospace in a research report on Monday. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and a consensus target price of $221.54.
Get Our Latest Analysis on Honeywell Aerospace
Honeywell Aerospace Stock Down 3.4%
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. Research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.
Institutional Trading of Honeywell Aerospace
Institutional investors and hedge funds have recently bought and sold shares of the business. Ameliora Wealth Management Ltd. acquired a new position in shares of Honeywell Aerospace in the second quarter valued at approximately $25,000. Leo H. Evart Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $26,000. Outlook Capital Management LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth approximately $26,000. Cherry Tree Wealth Management LLC purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $28,000. Finally, Bell Investment Advisors Inc purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $29,000.
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.
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