Honeywell Aerospace (NASDAQ:HONA) Trading 2.9% Higher – What’s Next?

Shares of Honeywell Aerospace (NASDAQ:HONA) were up 2.9% during trading on Friday . The stock traded as high as $158.44 and last traded at $158.26. Approximately 2,500,437 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 3,558,424 shares. The stock had previously closed at $153.75.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HONA shares. BMO Capital Markets dropped their price target on shares of Honeywell Aerospace from $276.00 to $209.00 and set an “outperform” rating on the stock in a research note on Monday, August 10th. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Jefferies Financial Group set a $175.00 price target on Honeywell Aerospace in a research note on Sunday, August 9th. Royal Bank Of Canada decreased their price objective on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, August 6th. Finally, Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $224.17.

Honeywell Aerospace Stock Performance

The business’s fifty day moving average price is $184.60. The firm has a market cap of $50.16 billion and a P/E ratio of 84.63.

Honeywell Aerospace (NASDAQ:HONA) last issued its quarterly 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. Sell-side analysts anticipate that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Honeywell Aerospace

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

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.