Honeywell Aerospace (NASDAQ:HONA) Lowered to “Strong Sell” Rating by Zacks Research

Honeywell Aerospace (NASDAQ:HONA) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday, Zacks reports.

Other equities analysts have also issued research reports about the company. Argus started coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price on the stock. Vertical Research started coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. Morgan Stanley raised Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 price target for the company in a research note on Wednesday, August 19th. Melius Research set a $190.00 price target on shares of Honeywell Aerospace in a research report on Monday. Finally, BNP Paribas Exane reduced 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 note on Thursday, August 6th. Five research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $221.54.

Honeywell Aerospace Stock Performance

HONA stock opened at $158.49 on Monday. The company has a fifty day moving average of $181.54. The firm has a market cap of $50.23 billion and a P/E ratio of 84.75. Honeywell Aerospace has a twelve month low of $149.19 and a twelve 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 (EPS) for the quarter. The company had revenue of $4.35 billion during the quarter. Analysts predict that Honeywell Aerospace will post 7.75 EPS for the current year.

Institutional Investors Weigh In On Honeywell Aerospace

A number of hedge funds and other institutional investors have recently made changes to their positions in HONA. Ameliora Wealth Management Ltd. acquired a new position in Honeywell Aerospace in the 2nd quarter worth $25,000. Leo H. Evart Inc. acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $26,000. Outlook Capital Management LLC acquired a new stake in shares of Honeywell Aerospace in the 2nd quarter valued at about $26,000. Cherry Tree Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $28,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace in the second quarter valued at about $29,000.

More Honeywell Aerospace News

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Management’s appearance at Morgan Stanley’s Laguna Conference reinforced the investment case around durable aerospace demand, a growing backlog and ongoing supply-chain investments intended to increase production over time. Honeywell Aerospace Presents at Morgan Stanley’s Laguna Conference Transcript
• Positive Sentiment: Investor sentiment had improved after management updates suggested demand remains resilient and supply constraints are being addressed. The company’s recent sales growth and a director’s purchase of 6,400 shares at $156 may have provided additional support. Honeywell Aerospace Gains as Investors Reassess Spin-Off After Management Updates
• Positive Sentiment: A proposed $1.5 trillion U.S. defense budget highlights the favorable long-term spending environment for aerospace and defense suppliers, supporting the bullish case for Honeywell Aerospace. A $1.5 Trillion Defense Budget Is on the Table
• Neutral Sentiment: Honeywell Aerospace has shown relative strength versus the Nasdaq over the past year, while analysts’ median price target remains substantially above the current trading level. However, the broader analyst consensus is still “Hold,” indicating uncertainty about the timing of the recovery. Is Honeywell Aerospace Outperforming the Nasdaq?
• Negative Sentiment: Melius Research downgraded Honeywell Aerospace from “Strong Buy” to “Hold.” The rating change is the clearest near-term pressure on the stock and may be prompting investors to lock in gains or reassess valuation. Honeywell Aerospace Downgrade Report
• Negative Sentiment: The company previously reduced its full-year organic growth outlook to 4%–5% from 7%–9%, despite reporting 5% sales growth. That guidance cut remains an important overhang and helps explain the stock’s recent weakness.

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.