Hexcel Corporation (NYSE:HXL) Given Average Recommendation of "Hold" by Brokerages

Shares of Hexcel Corporation (NYSE:HXL - Get Free Report) have been assigned a consensus rating of "Hold" from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $58.67.

HXL has been the subject of several research analyst reports. Morgan Stanley dropped their price target on Hexcel from $61.00 to $50.00 and set an "underperform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company lowered their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Barclays lowered their target price on Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 1st. BMO Capital Markets lowered their target price on Hexcel from $72.00 to $52.00 and set a "market perform" rating for the company in a research note on Wednesday, April 23rd. Finally, Royal Bank Of Canada lowered their target price on Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC purchased a new position in shares of Hexcel during the 4th quarter worth approximately $633,000. Raymond James Financial Inc. purchased a new position in shares of Hexcel during the 4th quarter worth approximately $7,092,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Hexcel by 13.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,354 shares of the aerospace company's stock worth $1,276,000 after acquiring an additional 2,487 shares during the period. HighTower Advisors LLC grew its holdings in shares of Hexcel by 1.8% during the 4th quarter. HighTower Advisors LLC now owns 19,069 shares of the aerospace company's stock worth $1,196,000 after acquiring an additional 339 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Hexcel by 28.1% during the 4th quarter. Natixis Advisors LLC now owns 251,363 shares of the aerospace company's stock worth $15,760,000 after acquiring an additional 55,134 shares during the period. Institutional investors own 95.47% of the company's stock.

Hexcel Trading Down 1.1%

Shares of HXL stock opened at $58.89 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $54.78 and a two-hundred day moving average price of $57.73. Hexcel has a 12-month low of $45.28 and a 12-month high of $71.05. The firm has a market cap of $4.74 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 1.98 and a beta of 1.28.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings results 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 10.36% and a net margin of 6.60%. The firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $482.18 million. During the same period last year, the firm earned $0.44 EPS. Equities analysts anticipate that Hexcel will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date was Friday, May 2nd. Hexcel's payout ratio is 45.03%.

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.

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