Hexcel Co. (NYSE:HXL) Receives $70.58 Average PT from Brokerages

Hexcel Co. (NYSE:HXL - Get Free Report) has earned a consensus recommendation of "Hold" from the thirteen analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $70.58.

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft cut their target price on Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company raised their price objective on shares of Hexcel from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. UBS Group raised their price target on shares of Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Finally, BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a research note on Monday, October 28th.

Hexcel Trading Up 1.2 %

NYSE:HXL traded up $0.73 on Friday, reaching $63.39. 357,037 shares of the stock traded hands, compared to its average volume of 717,317. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 48.39, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. 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 company's 50 day moving average is $61.17 and its 200-day moving average is $63.27.

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

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, November 1st. Hexcel's dividend payout ratio (DPR) is presently 45.80%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. True Wealth Design LLC bought a new position in Hexcel during the 3rd quarter valued at $30,000. Capital Performance Advisors LLP bought a new position in shares of Hexcel during the third quarter valued at about $56,000. First Horizon Advisors Inc. lifted its position in shares of Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company's stock valued at $58,000 after purchasing an additional 326 shares in the last quarter. Huntington National Bank boosted its holdings in Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company's stock worth $59,000 after purchasing an additional 225 shares during the last quarter. Finally, Eastern Bank bought a new stake in Hexcel in the 3rd quarter worth about $62,000. 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.