UBS Group Issues Positive Forecast for Hexcel (NYSE:HXL) Stock Price

Key Points

• UBS Group has raised its price target for Hexcel (NYSE:HXL) from $60 to $65, indicating a potential upside of 5.20% from its previous close, while maintaining a "neutral" rating.
• Other analysts have issued varying price targets, with Royal Bank of Canada increasing its target to $70, while Wells Fargo and BMO Capital Markets lowered their targets significantly.
• Hexcel recently reported earnings of $0.50 EPS, surpassing expectations, but showed a 2.1% decrease in revenue compared to the previous year.

Hexcel (NYSE:HXL - Get Free Report) had its price objective increased by equities research analysts at UBS Group from $60.00 to $65.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the aerospace company's stock. UBS Group's target price points to a potential upside of 5.20% from the stock's previous close.

Several other equities research analysts also recently commented on HXL. Wells Fargo & Company cut their target price on shares of Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Barclays dropped their price target 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. Royal Bank Of Canada restated an "outperform" rating and issued a $70.00 price target (up previously from $65.00) on shares of Hexcel in a research report on Monday. BMO Capital Markets dropped their price target 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. Finally, Truist Financial dropped their price target on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Hexcel currently has an average rating of "Hold" and a consensus target price of $61.67.

Hexcel Price Performance

Shares of Hexcel stock traded up $0.68 during midday trading on Monday, hitting $61.79. 1,521,692 shares of the company traded hands, compared to its average volume of 1,213,405. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 57.21, a PEG ratio of 2.07 and a beta of 1.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The firm's fifty day moving average price is $56.39 and its 200-day moving average price is $57.54. Hexcel has a 12 month low of $45.28 and a 12 month high of $71.05.

Hexcel (NYSE:HXL - Get Free Report) last posted its earnings results on Thursday, July 24th. The aerospace company reported $0.50 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $482.20 million. During the same period last year, the company earned $0.60 EPS. The firm's revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Hexcel will post 2.14 earnings per share for the current year.

Institutional Trading of Hexcel

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. increased its stake in Hexcel by 10.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company's stock valued at $285,000 after purchasing an additional 492 shares in the last quarter. Principal Financial Group Inc. increased its stake in Hexcel by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company's stock valued at $10,223,000 after purchasing an additional 937 shares in the last quarter. GAMMA Investing LLC increased its stake in Hexcel by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company's stock valued at $126,000 after purchasing an additional 1,125 shares in the last quarter. SG Americas Securities LLC bought a new stake in Hexcel during the 1st quarter valued at $281,000. Finally, Farther Finance Advisors LLC increased its stake in Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company's stock valued at $66,000 after purchasing an additional 499 shares in the last quarter. Institutional investors own 95.47% of the company's stock.

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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