Honeywell Aerospace (NASDAQ:HONA) Trading Up 4.2% – Still a Buy?

Honeywell Aerospace (NASDAQ:HONA) shares shot up 4.2% on Friday . The stock traded as high as $204.91 and last traded at $204.07. Approximately 2,692,543 shares were traded during mid-day trading, a decline of 9% from the average session volume of 2,963,367 shares. The stock had previously closed at $195.87.

Analysts Set New Price Targets

Several brokerages have commented on HONA. Zacks Research upgraded Honeywell Aerospace to a “hold” rating in a report on Wednesday, July 1st. Vertical Research assumed coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price objective for the company. Morgan Stanley set a $235.00 price objective on shares of Honeywell Aerospace in a report on Wednesday, July 15th. Wells Fargo & Company started coverage on shares of Honeywell Aerospace in a research note on Wednesday, July 1st. They issued an “equal weight” rating and a $250.00 target price on the stock. Finally, Melius Research upgraded shares of Honeywell Aerospace to a “strong-buy” rating in a report on Monday, June 29th. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus 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.