Honeywell Aerospace (NASDAQ:HONA) Shares Down 4.3% – What’s Next?

Shares of Honeywell Aerospace (NASDAQ:HONA) dropped 4.3% during trading on Monday . The company traded as low as $198.88 and last traded at $202.47. Approximately 3,190,978 shares changed hands during trading, an increase of 6% from the average session volume of 3,001,724 shares. The stock had previously closed at $211.63.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen initiated coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $250.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Honeywell Aerospace in a research note on Friday, July 10th. They set a “neutral” rating and a $255.00 target price for the company. Zacks Research raised Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Vertical Research initiated coverage on Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target on the stock. Finally, Morgan Stanley set a $235.00 price objective on Honeywell Aerospace in a report on Wednesday, July 15th. One equities research 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.com, the stock has an average rating of “Hold” and an average price target 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.