Honeywell Aerospace (NASDAQ:HONA) Shares Up 2.4% – Still a Buy?

Honeywell Aerospace (NASDAQ:HONAGet Free Report)’s stock price traded up 2.4% during trading on Wednesday . The company traded as high as $215.50 and last traded at $212.55. Approximately 2,081,399 shares were traded 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 research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 price target for the company. Jefferies Financial Group initiated 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. Wolfe Research began coverage on Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating for the company. BMO Capital Markets assumed coverage on Honeywell Aerospace in a report on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 target price for the company. Finally, Wall Street Zen raised Honeywell Aerospace to a “hold” rating in a research report on Sunday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Honeywell Aerospace has an average rating of “Hold” and an average price target of $251.40.

View Our Latest Analysis on HONA

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.

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