Honeywell Aerospace (NASDAQ:HONA) Trading 3.8% Higher – Time to Buy?

Honeywell Aerospace (NASDAQ:HONA)’s share price rose 3.8% during trading on Wednesday . The company traded as high as $208.70 and last traded at $207.78. 2,079,115 shares were traded during mid-day trading, a decline of 30% from the average session volume of 2,977,230 shares. The stock had previously closed at $200.14.

Analysts Set New Price Targets

HONA has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on Honeywell Aerospace in a research report on Friday, July 10th. They issued a “neutral” rating and a $255.00 price target for the company. Argus began coverage on Honeywell Aerospace in a research note on Thursday, July 9th. They issued a “buy” rating and a $275.00 target price for the company. UBS Group assumed coverage on Honeywell Aerospace in a report on Monday. They set a “neutral” rating and a $231.00 target price for the company. BMO Capital Markets assumed coverage on Honeywell Aerospace in a research report on Thursday, July 2nd. They set an “outperform” rating and a $276.00 price target on the stock. Finally, Melius Research raised shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Honeywell Aerospace presently has an average rating of “Hold” and a consensus price target of $253.75.

Honeywell Aerospace Trading Up 3.8%

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.