Honeywell Aerospace (NASDAQ:HONA) Shares Down 2% – Time to Sell?

Shares of Honeywell Aerospace (NASDAQ:HONA) fell 2% during mid-day trading on Thursday . The company traded as low as $204.20 and last traded at $208.37. 2,758,066 shares traded hands during trading, a decline of 8% from the average session volume of 3,008,685 shares. The stock had previously closed at $212.55.

Wall Street Analyst Weigh In

Several research firms have recently commented on HONA. JPMorgan Chase & Co. started coverage on Honeywell Aerospace in a report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. Evercore began coverage on Honeywell Aerospace in a report on Monday. They set an “in-line” rating and a $250.00 price objective on the stock. Wolfe Research assumed coverage on Honeywell Aerospace in a research report on Monday, June 29th. They issued a “hold” rating for the company. Morgan Stanley set a $235.00 target price on Honeywell Aerospace in a report on Wednesday. Finally, Argus started coverage on shares of Honeywell Aerospace in a research report on Thursday, July 9th. They set a “buy” rating and a $275.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace currently has an average rating of “Hold” and a consensus price target of $251.40.

Honeywell Aerospace Stock Performance

Honeywell Aerospace is the aerospace business of Honeywell International, serving commercial aviation, defense, space, and business aviation customers worldwide. The company develops and supplies a broad range of products and technologies used on aircraft and in related systems, including avionics, engines and propulsion components, navigation and communication equipment, flight controls, and maintenance and safety systems.

The business supports original equipment manufacturers, airlines, operators, and government customers with hardware, software, and aftermarket services designed to improve aircraft performance, efficiency, and reliability.