Honeywell Aerospace (NASDAQ:HONA) Stock Price Down 5% – Here’s What Happened

Shares of Honeywell Aerospace (NASDAQ:HONA) fell 5% during mid-day trading on Wednesday . The stock traded as low as $203.84 and last traded at $205.19. 2,070,343 shares changed hands during trading, a decline of 29% from the average session volume of 2,898,878 shares. The stock had previously closed at $215.90.

Analyst Ratings Changes

Several analysts have issued reports on HONA shares. Zacks Research raised Honeywell Aerospace to a “hold” rating in a research report on Wednesday, July 1st. Vertical Research started coverage on shares of Honeywell Aerospace in a report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 target price for the company. BNP Paribas Exane began coverage on shares of Honeywell Aerospace in a research report on Tuesday, June 30th. They set a “neutral” rating and a $245.00 price target for the company. Royal Bank Of Canada reissued an “outperform” rating and set a $300.00 price target on shares of Honeywell Aerospace in a research report on Monday, July 20th. Finally, UBS Group began coverage on shares of Honeywell Aerospace in a report on Monday, July 20th. They issued a “neutral” rating and a $231.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $253.75.

Honeywell Aerospace Stock 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.