Brokerages Set Hexcel Co. (NYSE:HXL) Target Price at $71.54

Hexcel Co. (NYSE:HXL - Get Free Report) has been assigned an average recommendation of "Hold" from the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $71.54.

HXL has been the subject of several recent analyst reports. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. Truist Financial reduced their price objective on Hexcel from $78.00 to $76.00 and set a "buy" rating for the company in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $64.00 to $63.00 and set a "hold" rating for the company in a report on Friday, November 1st. UBS Group increased their price objective on Hexcel from $67.00 to $69.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada lowered Hexcel from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from $76.00 to $68.00 in a report on Wednesday, August 14th.

Hexcel Stock Performance

Shares of HXL stock traded up $2.47 during trading on Wednesday, hitting $62.42. The company's stock had a trading volume of 978,890 shares, compared to its average volume of 941,453. The company has a market cap of $5.06 billion, a PE ratio of 47.65, a P/E/G ratio of 1.45 and a beta of 1.30. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The business has a fifty day moving average of $61.23 and a 200-day moving average of $64.09. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. As a group, research analysts anticipate that Hexcel will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, November 1st. Hexcel's dividend payout ratio is 45.80%.

Institutional Investors Weigh In On Hexcel

Several large investors have recently added to or reduced their stakes in the business. Natixis Advisors LLC boosted its stake in Hexcel by 21.7% during the third quarter. Natixis Advisors LLC now owns 196,229 shares of the aerospace company's stock valued at $12,133,000 after buying an additional 35,022 shares during the period. ING Groep NV bought a new stake in Hexcel during the third quarter valued at $1,125,000. Huntington National Bank boosted its stake in Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock valued at $59,000 after buying an additional 225 shares during the period. Speece Thorson Capital Group Inc. boosted its stake in Hexcel by 15.6% during the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company's stock valued at $15,140,000 after buying an additional 32,960 shares during the period. Finally, Entropy Technologies LP bought a new stake in Hexcel during the third quarter valued at $855,000. Institutional investors 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.