Honeywell Aerospace (NASDAQ:HONA – Get Free Report)’s stock price fell 2% during mid-day trading on Thursday . The stock traded as low as $204.20 and last traded at $208.37. 2,758,066 shares were traded during trading, a decline of 8% from the average session volume of 3,008,685 shares. The stock had previously closed at $212.55.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on HONA shares. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday. BMO Capital Markets began coverage on shares of Honeywell Aerospace in a research report on Thursday, July 2nd. They set an “outperform” rating and a $276.00 target price for the company. Morgan Stanley set a $235.00 price target on shares of Honeywell Aerospace in a report on Wednesday. Vertical Research assumed coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $251.40.
Read Our Latest Report on HONA
Honeywell Aerospace Stock Performance
Honeywell Aerospace is the aerospace business of Honeywell International, serving commercial aviation, defense, space, and business aviation customers worldwide. The company develops and supplies a broad range of products and technologies used on aircraft and in related systems, including avionics, engines and propulsion components, navigation and communication equipment, flight controls, and maintenance and safety systems.
The business supports original equipment manufacturers, airlines, operators, and government customers with hardware, software, and aftermarket services designed to improve aircraft performance, efficiency, and reliability.
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