Hexcel (NYSE:HXL) PT Raised to $78.00 at The Goldman Sachs Group

Hexcel (NYSE:HXL - Get Free Report) had its price target boosted by equities research analysts at The Goldman Sachs Group from $69.00 to $78.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a "neutral" rating on the aerospace company's stock. The Goldman Sachs Group's price target would indicate a potential upside of 26.30% from the company's current price.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets lifted their price objective on Hexcel from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Thursday, February 22nd. Truist Financial raised Hexcel from a "hold" rating to a "buy" rating and lifted their target price for the company from $62.00 to $96.00 in a research note on Wednesday, January 10th. Morgan Stanley cut Hexcel from an "equal weight" rating to an "underweight" rating and lowered their target price for the company from $70.00 to $66.00 in a research note on Thursday, February 22nd. Bank of America reissued an "underperform" rating and issued a $65.00 target price (down from $75.00) on shares of Hexcel in a research note on Wednesday, April 10th. Finally, Northcoast Research cut Hexcel from a "buy" rating to a "neutral" rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $77.14.

Hexcel Price Performance

Shares of Hexcel stock traded up $0.26 during midday trading on Tuesday, hitting $61.76. 1,560,529 shares of the company were exchanged, compared to its average volume of 860,046. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.74 and a quick ratio of 1.68. The firm has a market cap of $5.13 billion, a P/E ratio of 49.81, a PEG ratio of 1.29 and a beta of 1.23. Hexcel has a 52 week low of $58.81 and a 52 week high of $79.08. The firm has a 50 day simple moving average of $71.97 and a 200-day simple moving average of $69.65.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Thursday, January 25th. The aerospace company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.06). The company had revenue of $457.50 million for the quarter, compared to the consensus estimate of $474.01 million. Hexcel had a return on equity of 9.31% and a net margin of 5.91%. Hexcel's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.40 EPS. Research analysts forecast that Hexcel will post 2.23 earnings per share for the current year.

Insider Buying and Selling at Hexcel

In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the completion of the transaction, the insider now directly owns 3,375 shares of the company's stock, valued at $243,337.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the business's stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total value of $62,294.40. Following the completion of the transaction, the insider now directly owns 3,375 shares of the company's stock, valued at $243,337.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Thierry Merlot sold 4,500 shares of the business's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $71.63, for a total value of $322,335.00. Following the completion of the transaction, the insider now directly owns 50,371 shares of the company's stock, valued at $3,608,074.73. The disclosure for this sale can be found here. Insiders own 1.85% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CENTRAL TRUST Co lifted its holdings in shares of Hexcel by 68.1% in the third quarter. CENTRAL TRUST Co now owns 442 shares of the aerospace company's stock valued at $29,000 after purchasing an additional 179 shares in the last quarter. Cetera Trust Company N.A bought a new stake in shares of Hexcel in the fourth quarter valued at about $30,000. Creative Planning bought a new stake in shares of Hexcel in the third quarter valued at about $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Hexcel by 100.0% in the second quarter. Farther Finance Advisors LLC now owns 412 shares of the aerospace company's stock valued at $31,000 after purchasing an additional 206 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of Hexcel in the second quarter valued at about $31,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.