BMO Capital Markets Cuts Honeywell Aerospace (NASDAQ:HONA) Price Target to $209.00

Honeywell Aerospace (NASDAQ:HONA) had its price objective reduced by BMO Capital Markets from $276.00 to $209.00 in a report issued on Monday, Marketbeat reports. They currently have an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. UBS Group dropped their target price on shares of Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Morgan Stanley set a $205.00 price objective on shares of Honeywell Aerospace in a report on Friday, August 7th. Evercore set a $210.00 target price on shares of Honeywell Aerospace in a research note on Thursday, August 6th. BNP Paribas Exane dropped their price target on Honeywell Aerospace from $245.00 to $210.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. Finally, Wolfe Research initiated coverage on Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average price target of $224.17.

Honeywell Aerospace Trading Up 1.1%

Shares of NASDAQ HONA opened at $167.80 on Monday. Honeywell Aerospace has a 12 month low of $150.03 and a 12 month high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last announced its earnings results on Monday, June 15th. The company reported $6,340,000.00 earnings per share 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 year.

Institutional Investors Weigh In On Honeywell Aerospace

Several large investors have recently bought and sold shares of HONA. Bell Investment Advisors Inc purchased a new stake in shares of Honeywell Aerospace during the 2nd quarter valued at about $29,000. Strategic Wealth Advisors LLC purchased a new position in shares of Honeywell Aerospace in the 2nd quarter worth $29,000. Meeder Asset Management Inc. bought a new stake in shares of Honeywell Aerospace in the second quarter worth $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Honeywell Aerospace in the second quarter worth $40,000. Finally, Gables Capital Management Inc. purchased a new stake in Honeywell Aerospace during the second quarter valued at $47,000.

About Honeywell Aerospace

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.