Honeywell Aerospace (NASDAQ:HONA) Stock Has Average Price Target of $217.33 According to Brokerages

Honeywell Aerospace (NASDAQ:HONA) has been given an average rating of “Hold” by the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $207.67.

Several research analysts recently commented on HONA shares. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price on the stock. Jefferies Financial Group set a $175.00 price target on shares of Honeywell Aerospace in a report on Sunday, August 9th. Royal Bank Of Canada decreased their price target on shares of Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating for the company in a report on Thursday, August 6th. UBS Group dropped their price objective on Honeywell Aerospace from $231.00 to $213.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Finally, TD Cowen decreased their target price on Honeywell Aerospace from $180.00 to $170.00 and set a “hold” rating for the company in a research note on Friday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Ironvine Capital Partners LLC acquired a new position in Honeywell Aerospace during the 2nd quarter worth about $10,452,000. Sequoia Financial Advisors LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $24,175,000. Tidal Investments LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $6,331,000. Werlinich Asset Management LLC bought a new stake in Honeywell Aerospace during the 2nd quarter worth about $1,478,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in Honeywell Aerospace in the 2nd quarter valued at about $3,693,000.

Honeywell Aerospace Stock Performance

NASDAQ:HONA opened at $157.94 on Friday. The company has a 50 day moving average price of $163.27. Honeywell Aerospace has a 12 month low of $149.19 and a 12 month high of $297.50. The company has a market capitalization of $50.06 billion and a price-to-earnings ratio of 84.46.

Honeywell Aerospace (NASDAQ:HONA) last posted its quarterly earnings data on Monday, June 15th. The company reported $6,340,000.00 earnings per share (EPS) for the quarter. The firm had revenue of $4.35 billion for the quarter. As a group, research analysts expect that Honeywell Aerospace will post 7.75 EPS for the current fiscal year.

Honeywell Aerospace News Summary

Here are the key news stories impacting Honeywell Aerospace this week:

• Positive Sentiment: Analyst estimates imply potential upside. The reported average price target is $217.33, while Goldman Sachs initiated coverage with a Neutral rating and a $190 target, representing longer-term upside from recent levels. Goldman cited strong long-term potential, although it sees limited near-term upside. Honeywell Aerospace Stock Has Average Price Target of $217.33 According to Analysts Goldman Sachs Reiterates Hold on Honeywell Aerospace
• Neutral Sentiment: TD Cowen lowered its price target to $170 from $180, signaling reduced expectations but still leaving the target above the recent share price. The move adds to evidence that analysts see some valuation support, while remaining cautious about near-term performance. TD Cowen Adjusts Price Target on Honeywell Aerospace
• Neutral Sentiment: Short-interest data is inconsistent. One report shows short interest rose 61.9% to 8.6 million shares as of September 30, equal to 2.7% of shares outstanding and 1.9 days to cover, while another reports zero shares short as of October 9. The apparent discrepancy limits the usefulness of the latest figure, but the September increase suggests growing bearish positioning and possible volatility.
• Negative Sentiment: Several law firms publicized a securities class action covering investors who purchased HONA between June 29 and September 1, with a November 23 lead-plaintiff deadline. The allegations reportedly involve disclosures concerning potential False Claims Act enforcement and a Justice Department cybersecurity inquiry; these claims have not been proven. The litigation creates legal costs, headline risk and potential reputational damage. Kaplan Fox Announces Securities Class Action
• Negative Sentiment: Jim Cramer criticized Honeywell Aerospace’s management credibility, adding to investor concerns about leadership and disclosure quality. Such commentary is subjective but may reinforce the negative sentiment surrounding the company. Honeywell Aerospace’s Valuation Tells Only Part of the Story for Jim Cramer

Honeywell Aerospace Company Profile

Honeywell Aerospace is an aerospace and defense technology company that develops systems and equipment for commercial aircraft, business and general aviation, military platforms, and spacecraft. Its portfolio includes aircraft engines and propulsion systems, auxiliary power units, avionics, flight controls, environmental control systems, electrical power systems, landing systems, communications technology, and aircraft safety products.

The company also provides software, connected-aircraft technologies, maintenance, repair and overhaul services, spare parts, upgrades, and other aftermarket support.