Honeywell Aerospace (NASDAQ:HONA) Stock Price Down 1.1% – Time to Sell?

Shares of Honeywell Aerospace (NASDAQ:HONA) were down 1.1% during mid-day trading on Friday . The company traded as low as $218.85 and last traded at $220.75. Approximately 1,893,945 shares were traded during trading, a decline of 38% from the average session volume of 3,058,390 shares. The stock had previously closed at $223.12.

Analyst Ratings Changes

Several brokerages have recently commented on HONA. Wolfe Research began coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating on the stock. 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 for the company. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Morgan Stanley started coverage on Honeywell Aerospace in a report on Wednesday. They issued an “equal weight” rating and a $255.00 target price on the stock. Finally, Argus began coverage on Honeywell Aerospace in a research report on Thursday. They issued a “buy” rating and a $275.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $253.78.

Honeywell Aerospace Stock Performance

Honeywell Aerospace is a business unit of Honeywell International that develops and supplies technology and systems for the aviation and aerospace industries. Its products and services are used across commercial, defense, and space applications, with offerings that can include avionics, flight controls, propulsion systems, sensors, communications equipment, and maintenance and support solutions.

The unit serves aircraft manufacturers, airlines, defense contractors, and government customers around the world.