Shares of Honeywell Aerospace (NASDAQ:HONA – Get Free Report) dropped 2.6% during trading on Monday . The company traded as low as $155.97 and last traded at $158.11. Approximately 4,249,861 shares were traded during trading, an increase of 17% from the average session volume of 3,618,115 shares. The stock had previously closed at $162.37.
Analyst Upgrades and Downgrades
HONA has been the subject of several research analyst reports. BNP Paribas Exane dropped their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Royal Bank Of Canada reduced their price objective on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research note on Thursday, August 6th. TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 target price for the company. Finally, UBS Group dropped their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and an average price target of $224.17.
Read Our Latest Stock Report on Honeywell Aerospace
Honeywell Aerospace Price Performance
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last released its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion during the quarter. Equities analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.
Hedge Funds Weigh In On Honeywell Aerospace
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameliora Wealth Management Ltd. purchased a new stake in shares of Honeywell Aerospace during the second quarter valued at approximately $25,000. Leo H. Evart Inc. purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $26,000. Outlook Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $26,000. Bell Investment Advisors Inc acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000. Finally, Meeder Asset Management Inc. acquired a new stake in Honeywell Aerospace during the 2nd quarter valued at $29,000.
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.
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