Honeywell Aerospace (NASDAQ:HONA) Trading Down 5.7% – Time to Sell?

Honeywell Aerospace (NASDAQ:HONA)’s stock price was down 5.7% on Thursday . The company traded as low as $193.33 and last traded at $195.87. Approximately 3,219,752 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 2,995,713 shares. The stock had previously closed at $207.78.

Analysts Set New Price Targets

HONA has been the topic of several recent analyst reports. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. started coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They issued a “neutral” rating and a $255.00 target price for the company. Royal Bank Of Canada reiterated an “outperform” rating and issued a $300.00 price target on shares of Honeywell Aerospace in a report on Monday. UBS Group assumed coverage on Honeywell Aerospace in a research note on Monday, July 20th. They set a “neutral” rating and a $231.00 price target on the stock. Finally, Jefferies Financial Group started coverage on Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $235.00 price objective on the stock. One 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 stock. According to MarketBeat, Honeywell Aerospace has a consensus rating of “Hold” and an average target price of $253.75.

Honeywell Aerospace Stock Up 4.2%

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.