Truist Financial Boosts Hexcel (NYSE:HXL) Price Target to $85.00

Hexcel (NYSE:HXL) had its price target raised by equities research analysts at Truist Financial from $76.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Truist Financial’s target price points to a potential upside of 25.21% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Thursday, December 19th. Royal Bank of Canada boosted their price objective on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets reduced their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Thursday, October 10th. Finally, UBS Group boosted their price objective on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $73.25.

Hexcel Price Performance

Shares of Hexcel stock traded down $2.81 during trading hours on Friday, hitting $67.89. The company’s stock had a trading volume of 1,114,584 shares, compared to its average volume of 1,408,488. The business has a 50 day moving average price of $63.57 and a two-hundred day moving average price of $62.69. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a market cap of $5.50 billion, a PE ratio of 42.69, a PEG ratio of 1.94 and a beta of 1.30. 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 posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. Analysts expect that Hexcel will post 2.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in Hexcel by 277.9% in the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock worth $105,874,000 after purchasing an additional 1,246,765 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Hexcel by 36.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock worth $98,966,000 after buying an additional 425,402 shares during the period. Copeland Capital Management LLC lifted its holdings in Hexcel by 12.5% during the third quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock worth $71,810,000 after buying an additional 129,335 shares during the period. Millennium Management LLC lifted its holdings in Hexcel by 307.1% during the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after buying an additional 814,402 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Hexcel by 1.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company’s stock worth $65,585,000 after buying an additional 10,479 shares during the period. Institutional investors own 95.47% of the company’s stock.

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.