Honeywell Aerospace (NASDAQ:HONA – Get Free Report) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 5,842,017 shares, a decline of 32.9% from the July 30th total of 8,708,127 shares. Based on an average trading volume of 5,721,340 shares, the days-to-cover ratio is currently 1.0 days. Currently, 1.8% of the company’s stock are short sold.
Analysts Set New Price Targets
HONA has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Wolfe Research started coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a report on Sunday, August 9th. Evercore set a $210.00 price objective on Honeywell Aerospace in a report on Thursday, August 6th. Finally, Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $224.17.
Read Our Latest Analysis on Honeywell Aerospace
Institutional Trading of Honeywell Aerospace
Honeywell Aerospace Price Performance
HONA stock traded down $3.87 during trading hours on Tuesday, hitting $154.24. The company’s stock had a trading volume of 2,666,947 shares, compared to its average volume of 3,598,715. The stock has a 50 day moving average of $194.29. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50. The stock has a market cap of $48.89 billion and a P/E ratio of 82.48.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The business had revenue of $4.35 billion during the quarter. On average, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.
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.
Featured Articles
- Five stocks we like better than Honeywell Aerospace
- Dutch Bros Sell-Off Creates a Growth Opportunity
- NVIDIA’s MediaTek Bet Shows How It Plans to Defend Its AI Moat
- Is Abercrombie & Fitch’s Hot Streak Just Getting Started?
- Medtronic’s Stars Are Aligning for a Price Recovery
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.
