Movement Alert|Honeywell Aerospace Inc Rises 3.06% in Regular Trading, eVTOL EU Project and Undervalued APU Business Drive Rebound

Market Focus07-22

On July 22, Honeywell Aerospace Inc rose 3.06% in regular trading, trading at 204.77 USD/share, with turnover of $99.79 million. The stock rebounded after accumulating over 6% in losses over the prior two trading sessions.

On the news front, the company joined an EU-funded initiative alongside Vertical Aerospace to safely integrate electric vertical take-off and landing (eVTOL) aircraft into European airspace. The project aims to establish unified safety standards and operational frameworks, marking a key milestone for advanced air mobility in Europe. Additionally, RBC Capital Markets highlighted that the company's auxiliary power unit (APU) portfolio remains under-appreciated by investors, noting nearly 20,900 APUs currently in service across Airbus and Boeing fleets, with an anticipated 5% compound annual growth rate through 2030, translating to approximately 5,800 additional APU sales. RBC maintains an Outperform rating with a $300 target price. The company is scheduled to report second-quarter earnings on August 5, with consensus EPS expectations of $2.07.

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