Honeywell Aerospace (NASDAQ:HONA) Shares Up 1.2% – Time to Buy?

Honeywell Aerospace (NASDAQ:HONA) shares rose 1.2% during trading on Friday . The company traded as high as $209.77 and last traded at $206.74. Approximately 2,300,579 shares changed hands during mid-day trading, a decline of 19% from the average daily volume of 2,837,645 shares. The stock had previously closed at $204.32.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Morgan Stanley set a $235.00 price objective on Honeywell Aerospace in a research note on Wednesday, July 15th. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Wells Fargo & Company assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They set an “equal weight” rating and a $250.00 target price on the stock. Argus began coverage on shares of Honeywell Aerospace in a report on Thursday, July 9th. They set a “buy” rating and a $275.00 price target on the stock. Finally, UBS Group initiated coverage on shares of Honeywell Aerospace in a report on Monday, July 20th. They set a “neutral” rating and a $231.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Honeywell Aerospace has a consensus rating of “Hold” and a consensus price target of $253.75.

Honeywell Aerospace Stock Up 1.2%

Honeywell Aerospace Company Profile

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.