Honeywell Aerospace (NASDAQ:HONA) Sets New 1-Year Low – Time to Sell?

Honeywell Aerospace (NASDAQ:HONA) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $149.19 and last traded at $152.1460, with a volume of 169961 shares. The stock had previously closed at $151.58.

Analysts Set New Price Targets

Several equities analysts recently commented on HONA shares. Royal Bank Of Canada dropped their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Evercore set a $210.00 price target on shares of Honeywell Aerospace in a report on Thursday, August 6th. Wall Street Zen raised shares of Honeywell Aerospace to a “hold” rating in a research note on Sunday, July 12th. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a report on Monday, August 10th. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Honeywell Aerospace currently has a consensus rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Trading Up 2.9%

The stock has a 50-day moving average of $184.60. The firm has a market capitalization of $50.16 billion and a PE ratio of 84.63.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The business had revenue of $4.35 billion during the quarter. Analysts forecast that Honeywell Aerospace will post 7.75 EPS for the current year.

Institutional Trading of Honeywell Aerospace

A number of institutional investors have recently added to or reduced their stakes in HONA. Ameliora Wealth Management Ltd. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at $25,000. Leo H. Evart Inc. acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $26,000. Outlook Capital Management LLC acquired a new position in shares of Honeywell Aerospace during the second quarter worth about $26,000. Meeder Asset Management Inc. purchased a new stake in shares of Honeywell Aerospace in the second quarter worth about $29,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace in the second 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.