Honeywell Aerospace (NASDAQ:HONA) Downgraded by Melius Research to Hold

Melius Research cut shares of Honeywell Aerospace (NASDAQ:HONA) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks reports.

A number of other equities research analysts also recently issued reports on HONA. Morgan Stanley upgraded Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price objective on the stock in a research report on Wednesday, August 19th. Royal Bank Of Canada decreased their price target on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. TD Cowen began coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price objective for the company. Finally, Weiss Ratings initiated coverage on shares of Honeywell Aerospace in a research report on Friday. They set a “sell (d)” rating on the stock. Five investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $221.54.

Honeywell Aerospace Stock Up 3.7%

HONA stock opened at $164.08 on Monday. Honeywell Aerospace has a 52 week low of $149.19 and a 52 week high of $297.50. The company’s fifty day simple moving average is $183.13. The company has a market capitalization of $52.01 billion and a price-to-earnings ratio of 87.74.

Honeywell Aerospace (NASDAQ:HONA) last posted its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share 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.

Hedge Funds Weigh In On Honeywell Aerospace

A number of large investors have recently bought and sold shares of the business. Smith Chas P & Associates PA Cpas acquired a new stake in shares of Honeywell Aerospace during the second quarter worth $203,000. Marathon Wealth Advisors LLC acquired a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $1,237,000. ABS Direct Equity Fund LLC purchased a new position in Honeywell Aerospace in the 2nd quarter worth $98,000. Bouchey Financial Group Ltd. acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $225,000. Finally, Miramontes Capital LLC acquired a new stake in Honeywell Aerospace during the 2nd quarter worth about $481,000.

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.