Honeywell Aerospace (NASDAQ:HONA) Stock Price Down 5.7% – Time to Sell?

Honeywell Aerospace (NASDAQ:HONA) fell 5.7% during mid-day trading on Thursday . The stock traded as low as $193.33 and last traded at $195.87. 3,219,752 shares traded hands during trading, an increase of 7% from the average daily volume of 2,995,713 shares. The stock had previously closed at $207.78.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Jefferies Financial Group assumed coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They set a “hold” rating and a $235.00 price objective on the stock. Evercore assumed coverage on shares of Honeywell Aerospace in a research note on Monday, July 13th. They set an “in-line” rating and a $250.00 price objective for the company. Vertical Research started coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They set a “hold” rating and a $243.00 target price for the company. Finally, UBS Group began coverage on Honeywell Aerospace in a research report on Monday. They set a “neutral” rating and a $231.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Honeywell Aerospace currently has an average rating of “Hold” and a consensus target price 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.