Honeywell Aerospace (NASDAQ:HONA) Sets New 12-Month Low – Should You Sell?

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on HONA shares. Royal Bank Of Canada restated an “outperform” rating and issued a $300.00 target price on shares of Honeywell Aerospace in a report on Monday. JPMorgan Chase & Co. began coverage on Honeywell Aerospace in a report on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. BNP Paribas Exane began coverage on Honeywell Aerospace in a research note on Tuesday, June 30th. They issued a “neutral” rating and a $245.00 price target on the stock. Finally, TD Cowen started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $250.00 price objective 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $253.75.

Honeywell Aerospace Stock Up 1.4%

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.