Honeywell Aerospace (NASDAQ:HONA) Stock Price Up 1.6% - Here's Why

Key Points

• Honeywell Aerospace shares rose 1.6% to $154.96, with trading volume up 6% from the average session level.
• Analyst sentiment remains mixed but centered on a “Hold” consensus; MarketBeat reports one Strong Buy, five Buy, and nine Hold ratings, with a consensus price target of $224.17.
• The company reported quarterly revenue of $4.35 billion and earnings per share of $6.34 million, while analysts expect full-year EPS of $7.75.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report)'s share price shot up 1.6% on Thursday . The company traded as high as $155.88 and last traded at $154.96. 3,805,988 shares traded hands during mid-day trading, an increase of 6% from the average session volume of 3,587,832 shares. The stock had previously closed at $152.55.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HONA shares. Zacks Research upgraded Honeywell Aerospace to a "hold" rating in a research report on Wednesday, July 1st. Jefferies Financial Group set a $175.00 target price on Honeywell Aerospace in a research note on Sunday, August 9th. Melius Research raised Honeywell Aerospace to a "strong-buy" rating in a report on Monday, June 29th. Evercore set a $210.00 price target on Honeywell Aerospace in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Honeywell Aerospace to a "hold" rating in a report on Sunday, July 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, Honeywell Aerospace currently has a consensus rating of "Hold" and a consensus price target of $224.17.

Honeywell Aerospace Trading Up 1.6%

The company's 50-day simple moving average is $192.52. The company has a market cap of $49.12 billion and a PE ratio of 82.87.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report) last announced its quarterly earnings data 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 for the quarter. Equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.

Institutional Trading of Honeywell Aerospace

Several large investors have recently modified their holdings of the business. Ameliora Wealth Management Ltd. purchased a new stake in Honeywell Aerospace in the second quarter worth $25,000. Leo H. Evart Inc. bought a new position in Honeywell Aerospace in the second quarter worth $26,000. Outlook Capital Management LLC purchased a new position in Honeywell Aerospace during the second quarter valued at $26,000. Meeder Asset Management Inc. purchased a new position in Honeywell Aerospace during the second quarter valued at $29,000. Finally, Bell Investment Advisors Inc bought a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at $29,000.

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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