Honeywell Aerospace (NASDAQ:HONA) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Honeywell Aerospace’s price target from $235 to $210 while maintaining a neutral rating, implying approximately 31% upside from the reported $160.04 share price.
• Analyst sentiment remains cautious, with the stock carrying an overall “Hold” rating and a consensus price target of $198.93; other targets range from $175 to $243.
• Shares fell 9.6% to $160.04 despite quarterly EPS of $2.21 exceeding the $1.90 consensus estimate. Investors remain concerned about limited near-term profit growth, supplier constraints and the stock’s elevated 85.6 price-to-earnings ratio.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) had its price target decreased by JPMorgan Chase & Co. from $235.00 to $210.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 31.22% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. Melius Research set a $190.00 price target on shares of Honeywell Aerospace in a research report on Monday, September 14th. Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a "hold" rating and a $243.00 price target on the stock. Wells Fargo & Company set a $195.00 price objective on shares of Honeywell Aerospace in a research report on Monday, August 10th. The Goldman Sachs Group initiated coverage on shares of Honeywell Aerospace in a research report on Wednesday, October 7th. They issued a "neutral" rating and a $190.00 price objective on the stock. Finally, Jefferies Financial Group set a $175.00 price objective on shares of Honeywell Aerospace and gave the company a "hold" rating in a research note on Sunday, August 9th. Five equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $198.93.

Honeywell Aerospace Trading Down 9.6%

HONA stock traded down $16.99 during midday trading on Thursday, hitting $160.04. The company had a trading volume of 7,430,732 shares, compared to its average volume of 3,563,597. The company has a market capitalization of $50.73 billion and a PE ratio of 85.58. Honeywell Aerospace has a 52 week low of $149.19 and a 52 week high of $297.50. The firm has a 50 day moving average price of $160.44.

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, topping the consensus estimate of $1.90 by $0.31. The firm had revenue of $4.64 billion during the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.77 EPS for the current year.

Hedge Funds Weigh In On Honeywell Aerospace

A number of hedge funds and other institutional investors have recently made changes to their positions in HONA. BlackRock Inc. purchased a new position in Honeywell Aerospace during the 2nd quarter valued at $5,253,341,000. State Street Corp bought a new position in Honeywell Aerospace in the 2nd quarter worth $2,945,044,000. Wellington Management Group LLP bought a new position in Honeywell Aerospace in the 2nd quarter worth $1,705,882,000. Bank of America Corp DE bought a new position in Honeywell Aerospace in the 2nd quarter worth $1,034,187,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Honeywell Aerospace in the 2nd quarter worth about $644,412,000.

Key Headlines Impacting Honeywell Aerospace

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

• Positive Sentiment: Honeywell Aerospace reported third-quarter EPS of $2.21, above the $1.90 consensus estimate, while revenue reached approximately $4.64 billion. Backlog increased 12% to $19.3 billion, indicating solid commercial and defense demand. Honeywell Aerospace Q3 Earnings Beat Estimates, Sales Increase Year over Year
• Positive Sentiment: Management raised its 2026 pro forma adjusted EPS outlook to $7.85–$8.00 and increased its second-half free-cash-flow guidance, supporting the company’s financial outlook. Honeywell Aerospace Reports Third-Quarter Results and Updates 2026 Outlook
• Positive Sentiment: The company declared its first quarterly dividend of $0.40 per share, or $1.60 annualized, offering a new source of shareholder returns. It also announced a planned $500 million manufacturing facility in Tempe, Arizona, expected to create about 600 jobs and expand capacity for commercial and defense programs. Honeywell Aerospace to Build New Manufacturing Facility in Arizona
• Neutral Sentiment: Analyst sentiment was mixed: BNP Paribas raised its price target to $175 from $160, while Evercore ISI lowered its target to $195 from $210. The differing revisions reflect uncertainty over the pace of growth following the spin-off. BNP Paribas Adjusts Price Target
• Negative Sentiment: Investors appear concerned that adjusted EBIT rose only 1% year over year, with mechanical supplier constraints still limiting deliveries. Management emphasized that stronger output growth may not arrive until 2027, while tariff refunds and deal timing provided temporary support to quarterly results. Standalone-company costs and higher interest expense also weighed on the outlook. Why Honeywell Aerospace Stock Fell Today
• Negative Sentiment: The stock’s roughly 85.6 price-to-earnings ratio leaves limited room for execution setbacks, making investors less willing to reward modest near-term profit growth.
• Negative Sentiment: Several law firms publicized a securities class-action lawsuit and a November 23 lead-plaintiff deadline involving investors who purchased shares between June 29 and September 1. These notices may add reputational and legal overhang, although they largely repeat previously reported allegations. HONA Shareholder Alert

Honeywell Aerospace Company Profile

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.

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