Analysts Set Hexcel Co. (NYSE:HXL) Price Target at $61.20

Shares of Hexcel Co. (NYSE:HXL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven ratings firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $61.20.

Several research firms have issued reports on HXL. Morgan Stanley decreased their price objective on shares of Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. Barclays decreased their price objective on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. Truist Financial reduced their target price on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. BMO Capital Markets reduced their target price on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada reduced their target price on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd.

Hexcel Trading Up 2.9%

HXL traded up $1.50 during trading on Friday, hitting $52.90. 972,704 shares of the company's stock were exchanged, compared to its average volume of 967,200. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel has a 1 year low of $45.28 and a 1 year high of $71.05. The stock has a 50 day moving average price of $52.33 and a 200 day moving average price of $59.27. The firm has a market cap of $4.25 billion, a P/E ratio of 33.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The business had revenue of $456.50 million for the quarter, compared to analysts' expectations of $482.18 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. As a group, analysts expect that Hexcel will post 2.14 EPS for the current fiscal year.

Hexcel Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Friday, May 2nd were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.29%. Hexcel's payout ratio is 45.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Hexcel by 32.1% during the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company's stock valued at $4,330,000 after acquiring an additional 17,011 shares during the period. Merit Financial Group LLC bought a new position in shares of Hexcel during the fourth quarter valued at $242,000. Janney Montgomery Scott LLC lifted its holdings in shares of Hexcel by 0.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company's stock valued at $2,728,000 after acquiring an additional 232 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Hexcel by 50.5% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,115 shares of the aerospace company's stock valued at $383,000 after acquiring an additional 2,052 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Hexcel by 8.0% during the fourth quarter. Blue Trust Inc. now owns 6,158 shares of the aerospace company's stock valued at $381,000 after acquiring an additional 454 shares during the period. 95.47% of the stock is owned by institutional investors.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.