Analysts Set Honeywell Aerospace (NASDAQ:HONA) PT at $224.17

Honeywell Aerospace (NASDAQ:HONA) has been assigned an average rating of “Hold” from the sixteen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $221.5385.

Several research firms recently commented on HONA. Wells Fargo & Company set a $195.00 price objective on Honeywell Aerospace in a report on Monday, August 10th. Melius Research set a $190.00 price target on shares of Honeywell Aerospace in a report on Monday. Weiss Ratings assumed coverage on shares of Honeywell Aerospace in a research note on Friday, September 11th. They issued a “sell (d)” rating for the company. Evercore set a $210.00 price objective on shares of Honeywell Aerospace in a report on Thursday, August 6th. Finally, BNP Paribas Exane lowered their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th.

Honeywell Aerospace Trading Up 3.6%

Shares of HONA opened at $164.18 on Monday. The stock has a market cap of $52.04 billion and a P/E ratio of 87.80. The company’s fifty day simple moving average is $180.33. Honeywell Aerospace has a 12 month low of $149.19 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly 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. Equities analysts expect that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Honeywell Aerospace

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