Hexcel (NYSE:HXL) Price Target Cut to $63.00 by Analysts at Wells Fargo & Company

Hexcel (NYSE:HXL) had its price objective decreased by investment analysts at Wells Fargo & Company from $87.00 to $63.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 32.95% from the stock’s previous close.

A number of other brokerages have also recently commented on HXL. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Monday, March 17th. Royal Bank of Canada upped their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Truist Financial reduced their price target on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Finally, Barclays reduced their target price on Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $70.25.

Hexcel Trading Down 0.7 %

HXL traded down $0.32 during trading on Tuesday, reaching $47.39. 1,518,158 shares of the company’s stock were exchanged, compared to its average volume of 971,005. The company’s fifty day moving average price is $60.32 and its 200-day moving average price is $61.82. The firm has a market capitalization of $3.81 billion, a PE ratio of 29.80, a P/E/G ratio of 1.72 and a beta of 1.08. Hexcel has a fifty-two week low of $45.28 and a fifty-two week high of $73.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, equities analysts forecast that Hexcel will post 2.14 EPS for the current year.

Hedge Funds Weigh In On Hexcel

A number of large investors have recently bought and sold shares of the company. UMB Bank n.a. boosted its holdings in Hexcel by 1.4% during the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after purchasing an additional 202 shares during the last quarter. Huntington National Bank lifted its position in Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after buying an additional 204 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after buying an additional 206 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Hexcel by 4.5% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company’s stock valued at $318,000 after acquiring an additional 218 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its position in shares of Hexcel by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock valued at $2,243,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds 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.