Hexcel Corporation (NYSE:HXL)‘s stock had its “buy” rating reiterated by analysts at KeyCorp in a report issued on Thursday. They presently have a $65.00 target price on the aerospace company’s stock. KeyCorp’s price target would indicate a potential upside of 9.61% from the stock’s current price.
HXL has been the topic of a number of other research reports. Jefferies Group LLC restated a “hold” rating and issued a $50.00 price objective (down previously from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. Cowen and Company restated a “buy” rating and issued a $57.00 price objective on shares of Hexcel Corporation in a report on Wednesday, August 9th. BidaskClub downgraded Hexcel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Canaccord Genuity restated a “hold” rating and issued a $54.00 price objective on shares of Hexcel Corporation in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $58.00.
Shares of Hexcel Corporation (NYSE HXL) traded up 1.37% on Thursday, reaching $60.11. 448,697 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $55.82 and its 200-day moving average price is $53.20. The company has a market capitalization of $5.40 billion, a P/E ratio of 22.02 and a beta of 1.04. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $60.13.
Hexcel Corporation (NYSE:HXL) last released its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The firm had revenue of $491.30 million during the quarter, compared to analyst estimates of $518.29 million. During the same quarter in the prior year, the company posted $0.70 EPS. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that Hexcel Corporation will post $2.68 EPS for the current year.
A number of institutional investors have recently made changes to their positions in HXL. The Manufacturers Life Insurance Company boosted its position in Hexcel Corporation by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 200 shares during the period. Nomura Holdings Inc. bought a new stake in Hexcel Corporation during the second quarter worth approximately $202,000. Pacad Investment Ltd. bought a new stake in Hexcel Corporation during the second quarter worth approximately $206,000. AHL Partners LLP bought a new stake in Hexcel Corporation during the second quarter worth approximately $207,000. Finally, HighTower Advisors LLC bought a new stake in Hexcel Corporation during the first quarter worth approximately $219,000. 96.78% of the stock is owned by hedge funds and other institutional investors.
Hexcel Corporation Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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