Honeywell Aerospace (NASDAQ:HONA) Receives Average Rating of “Hold” from Analysts

Shares of Honeywell Aerospace (NASDAQ:HONA) have earned an average recommendation of “Hold” from the fifteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $224.1667.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. assumed coverage on Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Argus began coverage on Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price objective on the stock. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. Finally, Royal Bank Of Canada lowered their target price on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th.

Institutional Investors Weigh In On Honeywell Aerospace

Several hedge funds have recently bought and sold shares of HONA. Bell Investment Advisors Inc acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC acquired a new position in Honeywell Aerospace during the second quarter worth approximately $29,000. Meeder Asset Management Inc. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Honeywell Aerospace during the 2nd quarter worth $40,000. Finally, Gables Capital Management Inc. acquired a new stake in Honeywell Aerospace during the second quarter worth approximately $47,000.

Honeywell Aerospace Trading Up 6.2%

Shares of NASDAQ HONA opened at $170.76 on Thursday. The stock has a market cap of $54.12 billion and a P/E ratio of 91.31. Honeywell Aerospace has a fifty-two week low of $150.03 and a fifty-two week high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last released its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

About Honeywell Aerospace

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.