Hexcel (NYSE:HXL) Posts Earnings Results, Meets Expectations

Hexcel (NYSE:HXL) announced its quarterly earnings data on Wednesday. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52, Zacks reports. Hexcel had a net margin of 5.73% and a return on equity of 9.99%.

Hexcel Trading Up 0.1 %

Shares of Hexcel stock traded up $0.06 during midday trading on Wednesday, reaching $68.52. 2,165,613 shares of the company’s stock traded hands, compared to its average volume of 1,315,968. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The company has a market cap of $5.55 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. The stock has a 50 day moving average of $63.22 and a 200-day moving average of $62.59. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of Hexcel from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $68.00 to $74.00 in a research note on Thursday, December 19th. Vertical Research downgraded shares of 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Hexcel currently has an average rating of “Hold” and an average target price of $71.33.

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.