Honeywell Aerospace (NASDAQ:HONA) Sets New 12-Month Low – Should You Sell?

Shares of Honeywell Aerospace (NASDAQ:HONA) reached a new 52-week low on Monday . The company traded as low as $199.60 and last traded at $201.63, with a volume of 1766136 shares changing hands. The stock had previously closed at $211.63.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. TD Cowen started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $250.00 price target for the company. UBS Group initiated coverage on shares of Honeywell Aerospace in a report on Monday. They issued a “neutral” rating and a $231.00 price objective on the stock. Wall Street Zen upgraded shares of Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. Evercore initiated coverage on shares of Honeywell Aerospace in a report on Monday, July 13th. They set an “in-line” rating and a $250.00 target price for the company. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $253.75.

Honeywell Aerospace Stock Down 4.8%

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.