Honeywell Aerospace (NASDAQ:HONA) Stock Rated Neutral in New Coverage at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Honeywell Aerospace (NASDAQ:HONA) in a research report released on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $190.00 target price on the stock.

Several other equities research analysts also recently commented on HONA. Melius Research set a $190.00 price objective on Honeywell Aerospace in a report on Monday, September 14th. Royal Bank Of Canada cut their target price on Honeywell Aerospace from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Thursday, August 6th. Zacks Research downgraded shares of Honeywell Aerospace from a “hold” rating to a “strong sell” rating in a research report on Monday, September 14th. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price target for the company. Finally, UBS Group lowered 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. Six investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $207.67.

Honeywell Aerospace Stock Performance

Shares of HONA opened at $157.94 on Wednesday. The company has a 50-day moving average price of $163.27. The firm has a market cap of $50.06 billion and a P/E ratio of 84.46. Honeywell Aerospace has a one year low of $149.19 and a one year high of $297.50.

Honeywell Aerospace (NASDAQ:HONA) last issued its earnings results on Monday, June 15th. The company reported $6,340,000.00 EPS for the quarter. The firm had revenue of $4.35 billion during the quarter. Equities research analysts predict that Honeywell Aerospace will post 7.75 earnings per share for the current fiscal year.

Institutional Trading of Honeywell Aerospace

Several institutional investors and hedge funds have recently modified their holdings of HONA. Ameliora Wealth Management Ltd. purchased a new position in shares of Honeywell Aerospace during the second quarter valued at approximately $25,000. Leo H. Evart Inc. bought a new stake in Honeywell Aerospace during the second quarter worth $26,000. Outlook Capital Management LLC purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at $26,000. Security National Bank of SO Dak purchased a new stake in Honeywell Aerospace in the 2nd quarter valued at $27,000. Finally, Miller Global Investments LLC bought a new position in Honeywell Aerospace during the 3rd quarter valued at $27,000.

Key Honeywell Aerospace News

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

About Honeywell Aerospace

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.