Honeywell Aerospace (NASDAQ:HONA) Raised to “Hold” at Zacks Research

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other equities research analysts have also weighed in on HONA. JPMorgan Chase & Co. decreased their price objective on shares of Honeywell Aerospace from $235.00 to $210.00 and set a “neutral” rating for the company in a report on Thursday, October 29th. UBS Group dropped their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Argus set a $210.00 target price on shares of Honeywell Aerospace in a research report on Friday, October 9th. Morgan Stanley raised shares of 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. Finally, TD Cowen lowered their price target on Honeywell Aerospace from $180.00 to $170.00 and set a “hold” rating for the company in a report on Friday, October 9th. Four equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $196.47.

Check Out Our Latest Stock Report on HONA

Honeywell Aerospace Stock Performance

HONA stock opened at $157.50 on Monday. The stock has a fifty day simple moving average of $159.78. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The stock has a market capitalization of $49.93 billion and a price-to-earnings ratio of 84.22.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued its earnings results on Wednesday, October 28th. The company reported $2.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.90 by $0.31. The company had revenue of $4.64 billion for the quarter. As a group, equities research analysts forecast that Honeywell Aerospace will post 7.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $5,253,341,000. State Street Corp acquired a new position in shares of Honeywell Aerospace in the 2nd quarter worth approximately $2,945,044,000. Wellington Management Group LLP purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,705,882,000. Bank of America Corp DE purchased a new position in shares of Honeywell Aerospace during the 2nd quarter worth approximately $1,034,187,000. Finally, Bank of New York Mellon Corp acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at approximately $644,412,000.

Key Honeywell Aerospace News

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

About Honeywell Aerospace

(Get Free Report)

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

Further Reading

Analyst Recommendations for Honeywell Aerospace (NASDAQ:HONA)

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