Honeywell Aerospace (NASDAQ:HONA) Shares Down 5.7% – Here’s Why

Honeywell Aerospace (NASDAQ:HONA) was down 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 changed hands during mid-day trading, an increase of 7% from the average session volume of 2,995,713 shares. The stock had previously closed at $207.78.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Jefferies Financial Group started coverage on shares of Honeywell Aerospace in a report on Monday, June 29th. They issued a “hold” rating and a $235.00 price target on the stock. Wolfe Research started coverage on Honeywell Aerospace in a research note on Monday, June 29th. They set a “hold” rating for the company. Vertical Research initiated coverage on shares of Honeywell Aerospace in a research report on Wednesday, July 1st. They issued a “hold” rating and a $243.00 price target for the company. Evercore initiated coverage on shares of Honeywell Aerospace in a research note on Monday, July 13th. They issued an “in-line” rating and a $250.00 target price for the company. Finally, 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 for the company. One 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’s stock. According to data from MarketBeat.com, Honeywell Aerospace has an average rating of “Hold” and an average target price of $253.75.

Honeywell Aerospace Trading Down 5.7%

About Honeywell Aerospace

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.