Honeywell Aerospace (NASDAQ:HONA) Hits New 1-Year Low – Time to Sell?

Honeywell Aerospace (NASDAQ:HONA) shares reached a new 52-week low on Monday . The company traded as low as $199.60 and last traded at $201.63, with a volume of 1766136 shares trading hands. The stock had previously closed at $211.63.

Wall Street Analyst Weigh In

HONA has been the topic of a number of recent analyst reports. Morgan Stanley set a $235.00 price target on Honeywell Aerospace in a report on Wednesday, July 15th. Wolfe Research began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. Vertical Research started coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price on the stock. Melius Research raised Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. Finally, TD Cowen began coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and a consensus target price of $253.75.

Honeywell Aerospace Trading Down 4.8%

About Honeywell Aerospace

Honeywell Aerospace Inc manufactures and supplies aircraft components, avionics, engines, and systems for airframe manufacturing, commercial airline, military and defense, business aviation, and space markets, as well as other markets in the aerospace industry. The company offers actuation products, air and thermal management products, auxiliary power units, cabin management and entertainment products, cockpit systems and displays, electric power products, engines, health and usage monitoring products, lighting products, microelectronics, navigation products and radios, recorders and transmitters, satellite communications, sensors, space products, terrain and traffic awareness, vehicle turbochargers, weather radars, and wheels and braking systems.