Honeywell Aerospace (NASDAQ:HONA) Stock Price Down 5% – Should You Sell?

Shares of Honeywell Aerospace (NASDAQ:HONA) traded down 5% on Wednesday . The company traded as low as $203.84 and last traded at $205.19. 2,070,343 shares were traded during trading, a decline of 29% from the average daily volume of 2,898,878 shares. The stock had previously closed at $215.90.

Analysts Set New Price Targets

Several brokerages have issued reports on HONA. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Vertical Research initiated coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on shares of Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price objective on the stock. Morgan Stanley set a $235.00 target price on shares of Honeywell Aerospace in a research note on Wednesday, July 15th. Finally, Argus initiated coverage on shares of Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $253.75.

Honeywell Aerospace Price Performance

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.