Honeywell Aerospace (NASDAQ:HONA) Upgraded to Strong-Buy at Susquehanna

Honeywell Aerospace (NASDAQ:HONAGet Free Report) was upgraded by analysts at Susquehanna to a “strong-buy” rating in a note issued to investors on Thursday, Zacks reports.

Several other analysts have also commented on the company. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective for the company. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 target price on the stock. Royal Bank Of Canada reduced their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Wolfe Research began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. Finally, BMO Capital Markets dropped their price target on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and an average price target of $219.29.

Read Our Latest Report on Honeywell Aerospace

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $163.60 on Thursday. The company has a market cap of $51.85 billion and a price-to-earnings ratio of 87.49. The stock’s 50 day moving average price is $178.07. Honeywell Aerospace has a 52 week low of $149.19 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 earnings per share for the quarter. The firm had revenue of $4.35 billion during the quarter. Analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HONA. Ironvine Capital Partners LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at about $10,452,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Honeywell Aerospace in the second quarter worth about $24,175,000. Tidal Investments LLC acquired a new stake in Honeywell Aerospace during the second quarter worth about $6,331,000. SFE Investment Counsel acquired a new stake in Honeywell Aerospace during the second quarter worth about $2,981,000. Finally, Werlinich Asset Management LLC acquired a new stake in Honeywell Aerospace during the second quarter worth about $1,478,000.

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Honeywell Aerospace Company Profile

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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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Analyst Recommendations for Honeywell Aerospace (NASDAQ:HONA)

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