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

Shares of Hexcel Corporation (NYSE:HXL - Get Free Report) have earned an average recommendation of "Hold" from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $59.22.

A number of research analysts have recently commented on the stock. 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. Barclays reduced their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. UBS Group reduced their target price on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 23rd. 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. Finally, Morgan Stanley lifted their price target on shares of Hexcel from $50.00 to $55.00 and gave the stock an "underweight" rating in a research note on Thursday.

Institutional Trading of Hexcel

Institutional investors have recently added to or reduced their stakes in the business. Park Place Capital Corp increased its stake in Hexcel by 65.1% during the second quarter. Park Place Capital Corp now owns 497 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 196 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in Hexcel by 138.7% during the first quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company's stock valued at $42,000 after purchasing an additional 441 shares during the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in Hexcel during the second quarter valued at $55,000. Parvin Asset Management LLC bought a new stake in Hexcel during the fourth quarter valued at $66,000. Finally, NBC Securities Inc. bought a new stake in Hexcel during the first quarter valued at $61,000. Institutional investors own 95.47% of the company's stock.

Hexcel Trading Up 3.0%

HXL stock traded up $1.74 during midday trading on Monday, reaching $60.71. 1,219,415 shares of the company's stock traded hands, compared to its average volume of 999,504. The company has a market capitalization of $4.88 billion, a P/E ratio of 40.21, a PEG ratio of 1.99 and a beta of 1.28. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.39. Hexcel has a fifty-two week low of $45.28 and a fifty-two week high of $71.05. The business has a 50-day moving average price of $55.47 and a two-hundred day moving average price of $57.71.

Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.06). Hexcel had a net margin of 6.60% and a return on equity of 10.36%. The business had revenue of $456.50 million for the quarter, compared to analyst estimates of $482.18 million. During the same period last year, the firm earned $0.44 earnings per share. Equities research analysts forecast that Hexcel will post 2.14 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Friday, May 2nd were paid a dividend of $0.17 per share. The ex-dividend date was Friday, May 2nd. This represents a $0.68 annualized dividend and a yield of 1.12%. Hexcel's payout ratio is 45.03%.

About Hexcel

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.