Honeywell Aerospace (NASDAQ:HONA) Shares Down 4.3% – Time to Sell?

Honeywell Aerospace (NASDAQ:HONA)’s share price dropped 4.3% during mid-day trading on Monday . The company traded as low as $198.88 and last traded at $202.47. Approximately 3,190,978 shares were traded during trading, an increase of 6% from the average session volume of 3,001,724 shares. The stock had previously closed at $211.63.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley set a $235.00 price objective on shares of Honeywell Aerospace in a research note on Wednesday, July 15th. Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. BMO Capital Markets assumed coverage on Honeywell Aerospace in a research report on Thursday, July 2nd. They issued an “outperform” rating and a $276.00 price target for 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 objective on the stock. Finally, Wall Street Zen upgraded Honeywell Aerospace to a “hold” rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and an average target price of $253.75.

Honeywell Aerospace Stock Up 3.5%

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.