Honeywell Aerospace (NASDAQ:HONA – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 10,574,095 shares, a growth of ∞ from the June 15th total of 0 shares. Based on an average daily volume of 1,780,211 shares, the short-interest ratio is presently 5.9 days. Approximately 3.3% of the company’s shares are short sold.
Analysts Set New Price Targets
HONA has been the topic of a number of research analyst reports. BNP Paribas Exane initiated coverage on shares of Honeywell Aerospace in a report on Tuesday, June 30th. They issued a “neutral” rating and a $245.00 price target on the stock. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. TD Cowen began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating and a $250.00 price target for the company. Finally, Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $251.40.
View Our Latest Stock Analysis on HONA
Honeywell Aerospace Stock Performance
Honeywell Aerospace is a business unit of Honeywell International that develops technologies and products for the aviation, defense, and space industries. Its portfolio includes avionics, propulsion systems, cockpit systems, connectivity solutions, auxiliary power units, and safety and navigation equipment used across commercial, military, and general aviation applications.
The company serves aircraft manufacturers, airlines, defense organizations, space operators, and maintenance providers around the world.
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