Honeywell Aerospace (NASDAQ:HONA) Given Consensus Rating of "Hold" by Brokerages

Key Points

• Honeywell Aerospace has a consensus “Hold” rating from 15 brokerages: nine analysts rate it a hold, five a buy, and one a strong buy. The average 12-month price target is $224.17.
• Recent analyst views were mixed, with price targets ranging from $210 at BNP Paribas Exane to $275 at Argus. JPMorgan and TD Cowen initiated coverage with neutral and hold ratings, respectively.
• HONA opened at $170.76, giving the company a $54.12 billion market capitalization, while major institutions including BlackRock, Wellington Management, and Bank of America established sizable positions during the second quarter.

Shares of Honeywell Aerospace (NASDAQ:HONA - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fifteen brokerages that are currently covering the company, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $224.1667.

Several research firms recently weighed in on HONA. Wall Street Zen upgraded shares of Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. BNP Paribas Exane decreased their price objective on shares of Honeywell Aerospace from $245.00 to $210.00 and set a "neutral" rating for the company in a research note on Thursday, August 6th. Argus began coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a "buy" rating and a $275.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a "neutral" rating and a $255.00 price objective on the stock. Finally, TD Cowen assumed coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a "hold" rating and a $250.00 price target for the company.

Institutional Investors Weigh In On Honeywell Aerospace

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Honeywell Aerospace during the second quarter worth approximately $5,253,341,000. Wellington Management Group LLP purchased a new position in shares of Honeywell Aerospace in the second quarter valued at $1,705,882,000. Bank of America Corp DE acquired a new stake in shares of Honeywell Aerospace during the second quarter valued at about $1,034,187,000. Bank of New York Mellon Corp purchased a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $644,412,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth $377,905,000.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock opened at $170.76 on Thursday. The firm has a market capitalization of $54.12 billion and a price-to-earnings ratio of 91.31. Honeywell Aerospace has a 52 week low of $150.03 and a 52 week high of $297.50.

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

Honeywell Aerospace Company Profile

Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.

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