Hexcel (NYSE:HXL - Get Free Report) had its price objective hoisted by analysts at BMO Capital Markets from $52.00 to $67.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "market perform" rating on the aerospace company's stock. BMO Capital Markets' target price would suggest a potential upside of 9.78% from the company's previous close.
HXL has been the subject of a number of other research reports. 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, July 17th. Wall Street Zen downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research note on Sunday, April 27th. Barclays decreased their price target 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. UBS Group lifted their price target on shares of Hexcel from $60.00 to $65.00 and gave the stock a "neutral" rating in a research note on Monday. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $70.00 price target (up previously from $65.00) on shares of Hexcel in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $63.33.
Read Our Latest Report on Hexcel
Hexcel Trading Down 0.5%
Shares of HXL traded down $0.33 during trading on Tuesday, reaching $61.03. 1,076,137 shares of the company traded hands, compared to its average volume of 1,175,629. Hexcel has a twelve month low of $45.28 and a twelve month high of $71.05. The stock has a market cap of $4.86 billion, a PE ratio of 56.51, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28. The stock has a 50-day simple moving average of $56.88 and a 200-day simple moving average of $57.57. The company has a quick ratio of 1.50, a current ratio of 2.69 and a debt-to-equity ratio of 0.53.
Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The business had revenue of $489.90 million during the quarter, compared to analyst estimates of $482.20 million. During the same quarter last year, the firm posted $0.60 earnings per share. The business's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, analysts anticipate that Hexcel will post 2.14 earnings per share for the current year.
Institutional Trading of Hexcel
Institutional investors and hedge funds have recently bought and sold shares of the business. Trust Co. of Toledo NA OH acquired a new position in Hexcel in the 2nd quarter valued at $26,000. Park Place Capital Corp increased its stake in Hexcel by 65.1% in the 2nd quarter. Park Place Capital Corp now owns 497 shares of the aerospace company's stock valued at $28,000 after buying an additional 196 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of Hexcel by 138.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 759 shares of the aerospace company's stock worth $42,000 after purchasing an additional 441 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of Hexcel during the 2nd quarter worth $55,000. Finally, NBC Securities Inc. acquired a new position in shares of Hexcel during the 1st quarter worth $61,000. Hedge funds and other institutional investors own 95.47% of the company's stock.
About Hexcel
(
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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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