Honeywell Aerospace (NASDAQ:HONA) Stock Price Up 1.8% – Still a Buy?

Honeywell Aerospace (NASDAQ:HONA)’s stock price was up 1.8% during trading on Thursday . The stock traded as high as $169.74 and last traded at $167.13. 7,599,546 shares were traded during trading, an increase of 109% from the average session volume of 3,635,116 shares. The stock had previously closed at $164.18.

Analysts Set New Price Targets

Several analysts have issued reports on HONA shares. Susquehanna began coverage on shares of Honeywell Aerospace in a research report on Thursday. They issued a “positive” rating and a $190.00 price target on the stock. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Melius Research set a $190.00 target price on shares of Honeywell Aerospace in a research note on Monday. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Wednesday, August 19th. Finally, Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $219.29.

Honeywell Aerospace Stock Up 1.8%

The stock has a market capitalization of $52.97 billion and a PE ratio of 89.37. The stock has a 50-day simple moving average of $180.33.

Honeywell Aerospace (NASDAQ:HONA) last announced its quarterly earnings results 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. Research analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Trading of Honeywell Aerospace

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameliora Wealth Management Ltd. bought a new position in Honeywell Aerospace during the second quarter worth about $25,000. Leo H. Evart Inc. bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $26,000. Outlook Capital Management LLC bought a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at approximately $26,000. Cherry Tree Wealth Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $28,000. Finally, Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $29,000.

Honeywell Aerospace Company Profile

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.