Hexcel (NYSE:HXL) Given New $63.00 Price Target at Deutsche Bank Aktiengesellschaft

Hexcel (NYSE:HXL) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $64.00 to $63.00 in a research note released on Friday morning, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other analysts have also commented on the stock. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, October 10th. UBS Group increased their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets reduced their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Finally, Truist Financial dropped their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus target price of $71.54.

Hexcel Trading Up 0.5 %

Hexcel stock traded up $0.30 during trading on Friday, reaching $58.84. The company had a trading volume of 920,038 shares, compared to its average volume of 878,131. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The stock’s 50 day moving average price is $61.40 and its two-hundred day moving average price is $64.09. The firm has a market capitalization of $4.77 billion, a price-to-earnings ratio of 44.93, a PEG ratio of 1.44 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. During the same period in the previous year, the company posted $0.38 earnings per share. Hexcel’s revenue was up 8.9% compared to the same quarter last year. As a group, equities analysts expect that Hexcel will post 2.04 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be paid a $0.15 dividend. The ex-dividend date is Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. Hexcel’s payout ratio is presently 45.80%.

Hedge Funds Weigh In On Hexcel

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Summit Financial LLC raised its position in shares of Hexcel by 2.9% in the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after acquiring an additional 153 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Hexcel by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock worth $542,000 after purchasing an additional 182 shares during the period. Bleakley Financial Group LLC raised its holdings in Hexcel by 6.9% during the first quarter. Bleakley Financial Group LLC now owns 2,915 shares of the aerospace company’s stock valued at $212,000 after acquiring an additional 187 shares during the period. Centerpoint Advisors LLC raised its holdings in Hexcel by 44.6% during the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 223 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Hexcel by 34.8% during the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 276 shares during the period. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.