Honeywell Aerospace (NASDAQ:HONA) Receives Average Rating of “Hold” from Analysts

Shares of Honeywell Aerospace (NASDAQ:HONA) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $244.60.

Several equities research analysts have recently issued reports on the stock. TD Cowen assumed coverage on shares of Honeywell Aerospace in a research note on Monday. They issued a “hold” rating and a $250.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Honeywell Aerospace in a research note on Monday. They issued a “hold” rating and a $235.00 price objective on the stock. BNP Paribas Exane initiated coverage on shares of Honeywell Aerospace in a research note on Tuesday. They set a “neutral” rating and a $245.00 price target on the stock. Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a research note on Monday. Finally, Wells Fargo & Company started coverage on shares of Honeywell Aerospace in a research note on Wednesday. They issued an “equal weight” rating and a $250.00 target price on the stock.

Honeywell Aerospace Stock Performance

Shares of Honeywell Aerospace stock traded up $5.08 during midday trading on Wednesday, hitting $226.16. The company had a trading volume of 2,107,250 shares, compared to its average volume of 1,819,100. Honeywell Aerospace has a 1-year low of $200.00 and a 1-year high of $297.50.

Honeywell Aerospace is a business unit of Honeywell that provides technology, systems, and services for the aviation industry. Its offerings are used across commercial aviation, defense, and space applications and include avionics, engines and propulsion components, cockpit and navigation systems, auxiliary power units, and other aircraft systems designed to improve safety, efficiency, and performance.

The business supports a wide range of customers, including aircraft manufacturers, airlines, military organizations, and maintenance providers.