Honeywell Aerospace (NASDAQ:HONA) Stock Price Up 4.2% – Here’s Why

Honeywell Aerospace (NASDAQ:HONA) shares traded up 4.2% on Friday . The company traded as high as $204.91 and last traded at $204.07. 2,692,543 shares changed hands during trading, a decline of 9% from the average daily volume of 2,963,367 shares. The stock had previously closed at $195.87.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Evercore started coverage on shares of Honeywell Aerospace in a report on Monday, July 13th. They issued an “in-line” rating and a $250.00 price objective on the stock. Zacks Research upgraded shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. BMO Capital Markets initiated coverage on Honeywell Aerospace in a research report on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $300.00 price target on shares of Honeywell Aerospace in a research note on Monday. Finally, BNP Paribas Exane started coverage on Honeywell Aerospace in a research report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price target for the company. 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, Honeywell Aerospace presently has a consensus rating of “Hold” and an average price target of $253.75.

Honeywell Aerospace Price 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.