UBS Group Lowers Hexcel (NYSE:HXL) Price Target to $51.00

Hexcel (NYSE:HXL) had its price target decreased by analysts at UBS Group from $53.00 to $51.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. UBS Group’s price target would indicate a potential upside of 1.82% from the company’s current price.

HXL has been the subject of several other research reports. Morgan Stanley reduced their price objective on shares of Hexcel from $61.00 to $50.00 and set an “underperform” rating for the company in a research note on Friday, April 11th. TD Cowen upgraded Hexcel to a “hold” rating in a report on Monday, February 24th. Royal Bank of Canada boosted their target price on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Truist Financial decreased their price target on Hexcel from $80.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. Finally, Wells Fargo & Company lowered Hexcel from an “overweight” rating to a “reduce” rating in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and an average target price of $61.20.

Hexcel Stock Performance

Shares of NYSE:HXL opened at $50.09 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $4.03 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The firm has a 50 day moving average of $56.03 and a 200 day moving average of $60.75. Hexcel has a 52 week low of $45.28 and a 52 week high of $73.58.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The company had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $482.18 million. During the same quarter last year, the company earned $0.44 earnings per share. On average, sell-side analysts predict that Hexcel will post 2.14 earnings per share for the current fiscal year.

Institutional Trading of Hexcel

Several large investors have recently made changes to their positions in HXL. Barclays PLC boosted its holdings in Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after purchasing an additional 17,011 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Hexcel by 8.6% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 65,095 shares of the aerospace company’s stock valued at $4,025,000 after buying an additional 5,173 shares during the period. GAMMA Investing LLC boosted its stake in shares of Hexcel by 21.1% in the fourth 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. Centre Asset Management LLC acquired a new stake in Hexcel during the fourth quarter worth about $7,854,000. Finally, Central Pacific Bank Trust Division raised its position in Hexcel by 22.3% during the fourth quarter. Central Pacific Bank Trust Division now owns 3,070 shares of the aerospace company’s stock valued at $192,000 after acquiring an additional 560 shares in the last quarter. 95.47% of the stock is owned by hedge funds and other institutional investors.

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.