Honeywell Aerospace (NASDAQ:HONA) Stock Price Up 3.3% - Should You Buy?

Key Points

• Honeywell Aerospace shares rose 3.3% to $169.03 in midday trading, with about 3.77 million shares changing hands. The company has a $53.57 billion market capitalization and a high P/E ratio of 90.39.
• Analysts maintain a consensus “Hold” rating, with an average price target of $219.29. Ratings include one Strong Buy, five Buys, nine Holds, and two Sells, while recent target prices range from $190 to $213.
• Honeywell Aerospace reported quarterly revenue of $4.35 billion and earnings per share of $6.34 million as presented in the article; analysts expect full-year EPS of approximately $7.75.

Honeywell Aerospace (NASDAQ:HONA - Get Free Report)'s share price was up 3.3% during mid-day trading on Monday . The stock traded as high as $170.32 and last traded at $169.03. 3,770,364 shares traded hands during mid-day trading, a decline of 1% from the average daily volume of 3,801,631 shares. The stock had previously closed at $163.60.

Analyst Ratings Changes

A number of research firms have recently commented on HONA. Melius Research set a $190.00 target price on Honeywell Aerospace in a research report on Monday, September 14th. UBS Group decreased their price target on Honeywell Aerospace from $231.00 to $213.00 and set a "neutral" rating for the company in a report on Thursday, August 6th. Wall Street Zen raised shares of Honeywell Aerospace to a "hold" rating in a research note on Sunday, July 12th. BNP Paribas Exane cut 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 report on Thursday, August 6th. Finally, Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $219.29.

Honeywell Aerospace Trading Up 3.3%

The stock has a 50-day simple moving average of $178.07. The firm has a market cap of $53.57 billion and a PE ratio of 90.39.

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. As a group, equities research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. acquired a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $25,000. Leo H. Evart Inc. purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $26,000. Outlook Capital Management LLC purchased a new position in Honeywell Aerospace in the 2nd quarter valued at approximately $26,000. Security National Bank of SO Dak acquired a new position in Honeywell Aerospace during the second quarter worth $27,000. Finally, Cherry Tree Wealth Management LLC purchased a new stake in Honeywell Aerospace during the second quarter worth $28,000.

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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