Honeywell Aerospace Shares Surge 2.9% After Analysts' Price Targets Emerge
Honeywell Aerospace (NASDAQ:HONA) saw its share price increase by 2.9% on Friday, reaching as high as $158.44 and closing at $158.26. Approximately 2,500,437 shares traded hands during the session, which was a decline of 30% from the average daily volume.
The company's stock had previously closed at $153.75, indicating a moderate increase in value. The 50-day moving average for HONA is currently at $186.38.
Several analysts have weighed in on Honeywell Aerospace's performance, with Argus assigning a 'buy' rating and setting a price objective of $275.00. In contrast, Wolfe Research has given the company a 'hold' rating.
The institutional ownership of HONA includes various investors who have recently purchased or sold shares, including Ameliora Wealth Management Ltd., Leo H. Evart Inc., Outlook Capital Management LLC, and Bell Investment Advisors Inc.