Honeywell Aerospace (NASDAQ:HONA) Trading 2.4% Higher – Here’s What Happened

Shares of Honeywell Aerospace (NASDAQ:HONA) traded up 2.4% during trading on Tuesday . The stock traded as high as $219.20 and last traded at $215.90. Approximately 2,158,151 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 2,911,703 shares. The stock had previously closed at $210.83.

Wall Street Analysts Forecast Growth

HONA has been the subject of several research analyst reports. Zacks Research raised shares of Honeywell Aerospace to a “hold” rating in a research note on Wednesday, July 1st. Wolfe Research assumed coverage on shares of Honeywell Aerospace in a research note on Monday, June 29th. They issued a “hold” rating on the stock. Jefferies Financial Group started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $235.00 price objective for the company. Evercore started coverage on Honeywell Aerospace in a report on Monday, July 13th. They issued an “in-line” rating and a $250.00 target price on the stock. Finally, Vertical Research initiated coverage on Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price on the stock. One equities research 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 company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $253.75.

Honeywell Aerospace Stock Up 2.4%

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.