Zacks Research Upgrades Honeywell Aerospace (NASDAQ:HONA) to “Hold”

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

A number of other brokerages also recently issued reports on HONA. Argus set a $210.00 price objective on shares of Honeywell Aerospace in a research report on Friday, October 9th. Morgan Stanley raised shares of Honeywell Aerospace from an “equal weight” rating to an “overweight” rating and set a $205.00 target price on the stock in a research report on Wednesday, August 19th. Wells Fargo & Company set a $195.00 target price on Honeywell Aerospace in a research note on Monday, August 10th. JPMorgan Chase & Co. cut their target price on Honeywell Aerospace from $235.00 to $210.00 and set a “neutral” rating on the stock in a research note on Thursday, October 29th. Finally, The Goldman Sachs Group initiated coverage on Honeywell Aerospace in a report on Wednesday, October 7th. They issued a “neutral” rating and a $190.00 target price for the company. Four research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $196.47.

View Our Latest Stock Analysis on HONA

Honeywell Aerospace Stock Performance

NASDAQ HONA opened at $157.50 on Monday. Honeywell Aerospace has a 1 year low of $149.19 and a 1 year high of $297.50. The company has a market cap of $49.93 billion and a price-to-earnings ratio of 84.22. The business has a fifty day moving average price of $159.78.

Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last announced its earnings results on Wednesday, October 28th. The company reported $2.21 EPS for the quarter, beating the consensus estimate of $1.90 by $0.31. The firm had revenue of $4.64 billion during the quarter. Equities analysts forecast that Honeywell Aerospace will post 7.93 EPS for the current fiscal year.

Hedge Funds Weigh In On Honeywell Aerospace

Institutional investors have recently added to or reduced their stakes in the stock. Ameliora Wealth Management Ltd. bought a new position in shares of Honeywell Aerospace during the 2nd quarter valued at approximately $25,000. Latitude Advisors LLC purchased a new stake in shares of Honeywell Aerospace during the 3rd quarter worth approximately $25,000. Leo H. Evart Inc. purchased a new stake in shares of 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 2nd quarter worth approximately $26,000. Finally, Security National Bank of SO Dak bought a new stake in shares of Honeywell Aerospace in the 2nd quarter worth approximately $27,000.

Key Honeywell Aerospace News

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

About Honeywell Aerospace

(Get Free Report)

Honeywell Aerospace develops and supplies aerospace technologies for commercial aviation, business and general aviation, defense, and space customers. Its portfolio includes aircraft engines and auxiliary power units, avionics, flight controls, navigation and communication systems, environmental and thermal-management equipment, wheels and brakes, and other propulsion and mechanical systems.

The company also provides aftermarket support, including maintenance, repair and overhaul services, replacement parts, upgrades, technical assistance, and digital solutions designed to improve aircraft performance and operational efficiency.

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Analyst Recommendations for Honeywell Aerospace (NASDAQ:HONA)

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