Hexcel (NYSE:HXL) had its price target hoisted by stock analysts at Wells Fargo & Co from $44.00 to $50.00 in a research note issued to investors on Tuesday, The Fly reports. The firm presently has an "equal weight" rating on the aerospace company's stock. Wells Fargo & Co's target price points to a potential upside of 6.38% from the stock's current price.
A number of other analysts also recently commented on HXL. Cowen restated a "hold" rating and set a $35.00 price objective on shares of Hexcel in a report on Monday, April 27th. Canaccord Genuity dropped their price objective on Hexcel from $42.00 to $36.00 and set a "hold" rating for the company in a report on Tuesday, April 21st. Zacks Investment Research upgraded Hexcel from a "sell" rating to a "hold" rating and set a $39.00 price objective for the company in a report on Thursday, April 9th. BMO Capital Markets upgraded Hexcel from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $45.00 to $55.00 in a report on Friday, June 5th. Finally, Barclays decreased their price target on shares of Hexcel from $35.00 to $27.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and an average target price of $44.94.
Shares of HXL opened at $47.00 on Tuesday. The stock has a fifty day moving average of $38.18 and a two-hundred day moving average of $53.22. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.21 and a current ratio of 3.36. The company has a market capitalization of $3.67 billion, a PE ratio of 14.55, a price-to-earnings-growth ratio of 6.18 and a beta of 1.22. Hexcel has a fifty-two week low of $24.54 and a fifty-two week high of $87.00.
Hexcel (NYSE:HXL) last issued its quarterly earnings results on Monday, April 20th. The aerospace company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.71 by ($0.07). The business had revenue of $541.00 million during the quarter, compared to analyst estimates of $557.29 million. Hexcel had a net margin of 12.10% and a return on equity of 19.92%. The company's revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.84 earnings per share. As a group, equities research analysts forecast that Hexcel will post 1.26 earnings per share for the current fiscal year.
In other Hexcel news, insider Thierry Merlot sold 10,810 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $36.44, for a total value of $393,916.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company's stock.
A number of large investors have recently bought and sold shares of HXL. Cim LLC lifted its position in shares of Hexcel by 1.3% during the fourth quarter. Cim LLC now owns 16,584 shares of the aerospace company's stock worth $1,216,000 after purchasing an additional 215 shares during the last quarter. HM Capital Management LLC raised its stake in Hexcel by 2.1% during the fourth quarter. HM Capital Management LLC now owns 14,857 shares of the aerospace company's stock worth $1,089,000 after acquiring an additional 302 shares during the period. Solstein Capital LLC acquired a new stake in Hexcel during the fourth quarter worth about $28,000. Citizens Financial Group Inc RI raised its stake in Hexcel by 74.4% during the first quarter. Citizens Financial Group Inc RI now owns 1,043 shares of the aerospace company's stock worth $39,000 after acquiring an additional 445 shares during the period. Finally, Permanens Capital L.P. raised its stake in Hexcel by 19.4% during the first quarter. Permanens Capital L.P. now owns 2,925 shares of the aerospace company's stock worth $109,000 after acquiring an additional 475 shares during the period. 95.64% of the stock is owned by institutional investors.
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.
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