Honeywell Aerospace (NASDAQ:HONA) Shares Down 1% – Time to Sell?
by Sarita Garza · The Markets DailyHoneywell Aerospace (NASDAQ:HONA – Get Free Report)’s share price dropped 1% during mid-day trading on Tuesday . The stock traded as low as $166.03 and last traded at $167.32. 3,831,886 shares were traded during trading, an increase of 0% from the average daily volume of 3,829,163 shares. The stock had previously closed at $169.03.
Analysts Set New Price Targets
Several research firms have recently commented on HONA. Wells Fargo & Company set a $195.00 price target on shares of Honeywell Aerospace in a report on Monday, August 10th. Melius Research set a $190.00 price target on shares of Honeywell Aerospace in a research report on Monday, September 14th. Royal Bank Of Canada dropped 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 note on Thursday, August 6th. UBS Group cut their price objective 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. Finally, Susquehanna initiated coverage on shares of Honeywell Aerospace in a research note on Thursday, September 17th. They issued a “positive” rating and a $190.00 price objective for the company. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Honeywell Aerospace currently has a consensus rating of “Hold” and a consensus target price of $219.29.
Read Our Latest Stock Analysis on HONA
Honeywell Aerospace Stock Down 1.0%
The stock has a market capitalization of $53.03 billion and a price-to-earnings ratio of 89.48. The firm’s 50-day moving average price is $177.19.
Honeywell Aerospace (NASDAQ:HONA – Get Free Report) last issued 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 during the quarter. As a group, research analysts forecast that Honeywell Aerospace will post 7.75 earnings per share for the current year.
Hedge Funds Weigh In On Honeywell Aerospace
Several institutional investors and hedge funds have recently bought and sold shares of HONA. Ameliora Wealth Management Ltd. acquired a new position in Honeywell Aerospace during the 2nd quarter valued at about $25,000. Leo H. Evart Inc. acquired a new position in shares of Honeywell Aerospace in the second quarter valued at about $26,000. Outlook Capital Management LLC purchased a new position in shares of Honeywell Aerospace in the second quarter worth about $26,000. Security National Bank of SO Dak acquired a new stake in shares of Honeywell Aerospace during the second quarter worth about $27,000. Finally, Cherry Tree Wealth Management LLC purchased a new stake in Honeywell Aerospace in the second quarter valued at approximately $28,000.
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.