Honeywell Aerospace (NASDAQ:HONA) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts hold a consensus “Hold” rating on Honeywell Aerospace, with nine holds, five buys, one strong buy and one sell among 16 brokerages. The average 12-month price target is $224.17.
• Recent analyst actions were mixed: UBS lowered its target to $213 with a neutral rating, while Melius Research upgraded the stock to “strong buy”; Wells Fargo and Jefferies set targets of $195 and $175, respectively.
• Honeywell Aerospace opened at $158.26, with a $50.16 billion market capitalization and a 52-week range of $149.19 to $297.50. The company reported $4.35 billion in quarterly revenue, and analysts expect $7.75 in full-year EPS.

Shares of Honeywell Aerospace (NASDAQ:HONA - Get Free Report) have been assigned an average rating of "Hold" from the sixteen brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $224.1667.

A number of analysts have weighed in on HONA shares. Wells Fargo & Company set a $195.00 target price on shares of Honeywell Aerospace in a research report on Monday, August 10th. UBS Group dropped their price target on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. Zacks Research raised Honeywell Aerospace to a "hold" rating in a report on Wednesday, July 1st. Finally, Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research report on Sunday, August 9th.

Honeywell Aerospace Price Performance

NASDAQ:HONA opened at $158.26 on Monday. The firm has a market capitalization of $50.16 billion and a price-to-earnings ratio of 84.63. Honeywell Aerospace has a twelve month low of $149.19 and a twelve month high of $297.50. The company has a 50-day simple moving average of $184.60.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last posted 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 during the quarter. As a group, sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Honeywell Aerospace

Institutional investors have recently added to or reduced their stakes in the business. Smith Chas P & Associates PA Cpas acquired a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $203,000. Marathon Wealth Advisors LLC bought a new stake in shares of Honeywell Aerospace in the second quarter worth $1,237,000. ABS Direct Equity Fund LLC bought a new stake in shares of Honeywell Aerospace in the second quarter worth $98,000. Bouchey Financial Group Ltd. acquired a new stake in Honeywell Aerospace in the second quarter valued at $225,000. Finally, Miramontes Capital LLC acquired a new stake in Honeywell Aerospace in the second quarter valued at $481,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.