Susquehanna Upgrades Honeywell Aerospace (NASDAQ:HONA) to "Strong-Buy"

Key Points

• Susquehanna upgraded Honeywell Aerospace to “Strong Buy,” adding to mixed analyst coverage. The stock’s consensus rating remains “Hold,” with an average price target of $219.29.
• HONA opened at $163.60, with a $51.85 billion market capitalization and a 52-week range of $149.19 to $297.50. The company reported $4.35 billion in quarterly revenue and $6.34 million in EPS.
• Potential catalysts include improving aerospace demand and Saudi Arabia’s proposed $5.75 billion in arms purchases, while supply-chain constraints, valuation concerns and negative analyst commentary remain risks.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) was upgraded by stock analysts at Susquehanna to a "strong-buy" rating in a report released on Thursday, Zacks reports.

HONA has been the topic of several other research reports. Argus began coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a "buy" rating and a $275.00 price objective on the stock. Zacks Research lowered Honeywell Aerospace from a "hold" rating to a "strong sell" rating in a research report on Monday, September 14th. Evercore set a $210.00 target price on Honeywell Aerospace in a report on Thursday, August 6th. Wells Fargo & Company set a $195.00 price target on Honeywell Aerospace in a research report on Monday, August 10th. Finally, TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a "hold" rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace presently has a consensus rating of "Hold" and a consensus price target of $219.29.

Honeywell Aerospace Stock Performance

Honeywell Aerospace stock opened at $163.60 on Thursday. The stock has a market cap of $51.85 billion and a PE ratio of 87.49. The firm has a 50-day moving average of $178.07. Honeywell Aerospace has a 1 year low of $149.19 and a 1 year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The company had revenue of $4.35 billion for the quarter. On average, research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Hedge Funds Weigh In On Honeywell Aerospace

Several institutional investors have recently bought and sold shares of the business. Ameliora Wealth Management Ltd. bought a new position in Honeywell Aerospace in the second quarter worth approximately $25,000. Leo H. Evart Inc. purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $26,000. Outlook Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $26,000. Security National Bank of SO Dak purchased a new position in shares of Honeywell Aerospace in the 2nd quarter valued at $27,000. Finally, Cherry Tree Wealth Management LLC bought a new position in shares of Honeywell Aerospace in the 2nd quarter worth $28,000.

Key Honeywell Aerospace News

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

• Positive Sentiment: Susquehanna initiated coverage of Honeywell Aerospace with a positive rating, providing new analyst support for the stock and signaling confidence in its aerospace-market outlook. Susquehanna Initiates Coverage of Honeywell Aerospace at Positive
• Positive Sentiment: A bullish Seeking Alpha analysis argued that Honeywell Aerospace’s current headwinds should be temporary, supporting the case that production growth, demand and longer-term fundamentals could improve. Honeywell Aerospace: Strong Buy As Headwinds Should Be Temporary
• Positive Sentiment: Saudi Arabia’s potential $5.75 billion in arms purchases could benefit aerospace and defense suppliers, including Honeywell Aerospace, although the company’s actual share of any contracts remains uncertain. Saudi Arabia’s $5.75 Billion Potential Arms Sales
• Neutral Sentiment: CEO Jim Currier called GE Aerospace’s planned $11.75 billion acquisition of Consolidated Precision Products positive for the broader industry. However, Honeywell does not directly compete with CPP, and persistent aerospace supply constraints remain a concern. Honeywell CEO Calls GE-CPP Deal Positive Amid Persistent Supply Constraints
• Negative Sentiment: A recent analyst downgrade pressured the shares and likely heightened concerns about valuation, near-term growth or aerospace supply-chain execution. Honeywell Aerospace Stock Price Down After Analyst Downgrade
• Negative Sentiment: Jim Cramer said he could not “counsel owning” Honeywell Aerospace, adding prominent negative commentary and reinforcing short-term investor caution. Jim Cramer Says He Can’t Counsel Owning Honeywell Aerospace

About Honeywell Aerospace

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.

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