Honeywell Aerospace (NASDAQ:HONA) Shares Down 3.5% – Should You Sell?

Honeywell Aerospace (NASDAQ:HONA)’s share price traded down 3.5% during trading on Tuesday . The stock traded as low as $154.78 and last traded at $155.42. Approximately 4,507,779 shares were traded during mid-day trading, an increase of 26% from the average session volume of 3,581,835 shares. The stock had previously closed at $161.01.

Analyst Upgrades and Downgrades

A number of analysts recently commented on HONA shares. BNP Paribas Exane lowered their target price on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Argus initiated coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target for the company. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Royal Bank Of Canada dropped their price objective 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. Finally, BMO Capital Markets cut their target price on Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research report on Monday, August 10th. 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, the stock has an average rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Up 1.4%

The stock’s 50-day moving average is $188.25. The stock has a market cap of $48.73 billion and a PE ratio of 82.22.

Honeywell Aerospace (NASDAQ:HONA) last issued its 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 for the quarter. On average, equities analysts predict that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Honeywell Aerospace

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameliora Wealth Management Ltd. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter worth approximately $25,000. Leo H. Evart Inc. purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $26,000. Outlook Capital Management LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $26,000. Meeder Asset Management Inc. acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $29,000. Finally, Bell Investment Advisors Inc purchased a new stake in Honeywell Aerospace during the second quarter worth $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.