Hexcel (NYSE:HXL) has been given a $87.00 target price by research analysts at Cowen in a research note issued on Friday, TipRanks reports. The firm currently has a “buy” rating on the aerospace company’s stock. Cowen’s price objective suggests a potential upside of 5.93% from the company’s previous close.
Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Hexcel from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Zacks Investment Research cut Hexcel from a “buy” rating to a “hold” rating and set a $86.00 price target on the stock. in a report on Tuesday, July 2nd. BMO Capital Markets upped their price target on Hexcel from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. Bank of America reiterated a “buy” rating and set a $90.00 target price (down previously from $95.00) on shares of Hexcel in a report on Wednesday, July 24th. Finally, Goldman Sachs Group cut Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 target price on the stock. in a report on Friday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.05.
Shares of HXL traded up $1.22 on Friday, reaching $82.13. The stock had a trading volume of 408,261 shares, compared to its average volume of 472,337. The firm has a market capitalization of $6.97 billion, a PE ratio of 26.93, a PEG ratio of 2.26 and a beta of 1.04. The company has a quick ratio of 1.28, a current ratio of 2.22 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $82.21 and a 200 day moving average of $76.47. Hexcel has a twelve month low of $53.50 and a twelve month high of $87.00.
Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, July 22nd. The aerospace company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $609.00 million for the quarter, compared to analysts’ expectations of $606.03 million. Hexcel had a return on equity of 21.45% and a net margin of 12.90%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, sell-side analysts anticipate that Hexcel will post 3.52 earnings per share for the current fiscal year.
In other Hexcel news, CEO Nick L. Stanage sold 15,662 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $85.75, for a total transaction of $1,343,016.50. Following the transaction, the chief executive officer now owns 256,853 shares of the company’s stock, valued at approximately $22,025,144.75. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brett Raymond Schneider sold 4,417 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $81.61, for a total value of $360,471.37. Following the transaction, the insider now directly owns 10,201 shares in the company, valued at approximately $832,503.61. The disclosure for this sale can be found here. In the last quarter, insiders have sold 57,623 shares of company stock worth $4,840,665. 1.40% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC purchased a new position in shares of Hexcel during the 1st quarter worth $106,000. Timucuan Asset Management Inc. FL lifted its stake in shares of Hexcel by 0.7% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 1,015,527 shares of the aerospace company’s stock worth $70,234,000 after purchasing an additional 7,257 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of Hexcel by 18.6% during the 2nd quarter. Aptus Capital Advisors LLC now owns 10,379 shares of the aerospace company’s stock worth $839,000 after purchasing an additional 1,625 shares during the period. Anchor Capital Advisors LLC lifted its stake in shares of Hexcel by 7.7% during the 2nd quarter. Anchor Capital Advisors LLC now owns 466,448 shares of the aerospace company’s stock worth $37,726,000 after purchasing an additional 33,386 shares during the period. Finally, Creative Planning lifted its stake in shares of Hexcel by 4.3% during the 2nd quarter. Creative Planning now owns 3,034 shares of the aerospace company’s stock worth $245,000 after purchasing an additional 124 shares during the period. 94.21% of the stock is currently owned by institutional investors.
Hexcel Company Profile
Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.
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