Honeywell Aerospace (NASDAQ:HONA – Get Free Report)’s share price was up 1.4% on Thursday . The stock traded as high as $155.34 and last traded at $153.75. Approximately 3,143,235 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 3,585,762 shares. The stock had previously closed at $151.58.
Analyst Upgrades and Downgrades
A number of research firms have commented on HONA. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Argus began coverage on Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. TD Cowen initiated coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price target on the stock. Royal Bank Of Canada dropped their price target 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. Finally, JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price objective on the stock. One equities research 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 company’s stock. Based on data from MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and an average target price of $224.17.
View Our Latest Report on Honeywell Aerospace
Honeywell Aerospace Trading Up 2.9%
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its earnings results 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 research analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in HONA. Ameliora Wealth Management Ltd. bought a new stake in Honeywell Aerospace in the second quarter valued at $25,000. Leo H. Evart Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter valued at $26,000. Outlook Capital Management LLC bought a new position in shares of Honeywell Aerospace during the second quarter worth about $26,000. Bell Investment Advisors Inc bought a new position in shares of Honeywell Aerospace during the second quarter worth about $29,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $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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