Hexcel Co. (NYSE:HXL) Receives $73.46 Average PT from Brokerages

Shares of Hexcel Co. (NYSE:HXL) have been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $73.46.

HXL has been the subject of a number of research analyst reports. Royal Bank of Canada downgraded Hexcel from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. Morgan Stanley dropped their target price on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a research report on Monday, July 22nd. Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a report on Thursday, October 10th. UBS Group dropped their price objective on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a report on Monday, July 1st. Finally, Stifel Nicolaus reduced their target price on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd.

Hexcel Stock Up 2.0 %

Shares of NYSE:HXL opened at $61.92 on Friday. The firm has a fifty day moving average price of $61.52 and a two-hundred day moving average price of $64.57. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 52.92, a PEG ratio of 1.38 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.75 and a quick ratio of 1.55. Hexcel has a one year low of $57.50 and a one year high of $77.09.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $500.40 million during the quarter, compared to analyst estimates of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.50 earnings per share. Analysts anticipate that Hexcel will post 2.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. nVerses Capital LLC boosted its stake in shares of Hexcel by 28.6% during the 3rd quarter. nVerses Capital LLC now owns 5,400 shares of the aerospace company’s stock valued at $334,000 after purchasing an additional 1,200 shares in the last quarter. Kopion Asset Management LLC boosted its position in Hexcel by 15.0% during the 3rd quarter. Kopion Asset Management LLC now owns 88,099 shares of the aerospace company’s stock valued at $5,447,000 after acquiring an additional 11,460 shares in the last quarter. Willis Investment Counsel raised its position in shares of Hexcel by 3.8% in the 3rd quarter. Willis Investment Counsel now owns 16,488 shares of the aerospace company’s stock worth $1,019,000 after acquiring an additional 600 shares in the last quarter. Inspire Investing LLC lifted its stake in shares of Hexcel by 19.7% in the 3rd quarter. Inspire Investing LLC now owns 6,682 shares of the aerospace company’s stock valued at $413,000 after purchasing an additional 1,098 shares during the period. Finally, CWM LLC boosted its position in shares of Hexcel by 29.7% during the third quarter. CWM LLC now owns 17,131 shares of the aerospace company’s stock valued at $1,059,000 after purchasing an additional 3,922 shares in the last quarter. Hedge funds and other 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.