Honeywell Aerospace (NASDAQ:HONA) Trading Up 3.3% – Time to Buy?

Shares of Honeywell Aerospace (NASDAQ:HONA) were up 3.3% during mid-day trading on Monday . The stock traded as high as $211.79 and last traded at $210.83. Approximately 1,850,107 shares traded hands during trading, a decline of 37% from the average daily volume of 2,939,199 shares. The stock had previously closed at $204.07.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HONA shares. Royal Bank Of Canada reissued an “outperform” rating and set a $300.00 price target on shares of Honeywell Aerospace in a research report on Monday, July 20th. BNP Paribas Exane started coverage on shares of Honeywell Aerospace in a report on Tuesday, June 30th. They issued a “neutral” rating and a $245.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating and a $235.00 price objective on the stock. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Finally, Morgan Stanley set a $235.00 target price on shares of Honeywell Aerospace in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $253.75.

Honeywell Aerospace Stock Up 3.3%

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.