Honeywell Aerospace (NASDAQ:HONA) Shares Up 2.4% – Here’s What Happened

Honeywell Aerospace (NASDAQ:HONA) shares traded up 2.4% during trading on Tuesday . The stock traded as high as $219.20 and last traded at $215.90. 2,158,151 shares were traded 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

A number of brokerages have issued reports on HONA. UBS Group began coverage on Honeywell Aerospace in a research report on Monday, July 20th. They set a “neutral” rating and a $231.00 price objective on the stock. Wolfe Research initiated coverage on Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating for the company. BNP Paribas Exane initiated coverage on Honeywell Aerospace in a research report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 target price on the stock. Melius Research upgraded Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $300.00 price target on shares of Honeywell Aerospace in a research report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $253.75.

Honeywell Aerospace Stock Up 2.4%

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.