Honeywell Aerospace (NASDAQ:HONA) Shares Up 2.4% – Here’s What Happened

Honeywell Aerospace (NASDAQ:HONA)’s stock price rose 2.4% on Wednesday . The stock traded as high as $215.50 and last traded at $212.55. Approximately 2,081,399 shares changed hands during trading, a decline of 31% from the average daily volume of 3,019,397 shares. The stock had previously closed at $207.51.

Analyst Ratings Changes

HONA has been the subject of several recent analyst reports. BNP Paribas Exane started 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. Evercore started coverage on shares of Honeywell Aerospace in a report on Monday. They issued an “in-line” rating and a $250.00 target price for the company. Jefferies Financial Group initiated 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 for the company. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating on the stock. Finally, Vertical Research began coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Honeywell Aerospace presently has an average rating of “Hold” and a consensus price target of $251.40.

Honeywell Aerospace Stock Up 2.4%

Honeywell Aerospace is a business segment of Honeywell International that develops and manufactures a wide range of aerospace products and systems for commercial, defense, and space applications. Its offerings include avionics, propulsion systems, engines and auxiliary power units, cockpit controls, navigation and communication systems, environmental controls, and safety and protection equipment.

The company serves aircraft manufacturers, airlines, military customers, and space-related organizations around the world.