Honeywell Aerospace (NASDAQ:HONA) Trading Up 1.6% – Should You Buy?

Shares of Honeywell Aerospace (NASDAQ:HONA) were up 1.6% during mid-day trading on Friday . The company traded as high as $217.83 and last traded at $211.63. Approximately 2,454,038 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 2,988,994 shares. The stock had previously closed at $208.37.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. 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 target price for the company. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 target price on the stock. Wolfe Research initiated coverage on shares of Honeywell Aerospace in a research report on Monday, June 29th. They set a “hold” rating on the stock. Finally, TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating and a $250.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $251.40.

Honeywell Aerospace Stock Performance

About Honeywell Aerospace

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.