Honeywell Aerospace (NASDAQ:HONA) Trading Down 3.5% – Time to Sell?

Honeywell Aerospace (NASDAQ:HONAGet Free Report)’s share price traded down 3.5% during trading on Monday . The stock traded as low as $210.23 and last traded at $213.05. 2,913,162 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 2,998,530 shares. The stock had previously closed at $220.75.

Analyst Ratings Changes

A number of research firms recently commented on HONA. BMO Capital Markets initiated coverage on shares of Honeywell Aerospace in a research note on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $235.00 price target on the stock. Evercore initiated coverage on shares of Honeywell Aerospace in a report on Monday. They issued an “in-line” rating and a $250.00 price target for the company. BNP Paribas Exane initiated coverage on shares of Honeywell Aerospace in a research note on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price objective for the company. Finally, Argus began coverage on shares of Honeywell Aerospace in a report on Thursday. They set a “buy” rating and a $275.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and a consensus target price of $253.40.

View Our Latest Stock Analysis on Honeywell Aerospace

Honeywell Aerospace Price Performance

Honeywell Aerospace is a business unit of Honeywell that develops and manufactures aerospace products, technologies, and services for commercial, defense, and space customers. Its portfolio includes avionics, engines and power systems, flight safety and navigation equipment, aircraft lighting, and auxiliary power solutions used across a wide range of aircraft platforms.

The business serves original equipment manufacturers, airlines, military customers, and maintenance operators around the world.

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