Hexcel (NYSE:HXL - Get Free Report) had its price objective raised by research analysts at UBS Group from $67.00 to $69.00 in a report released on Friday, Benzinga reports. The firm currently has a "neutral" rating on the aerospace company's stock. UBS Group's price objective suggests a potential upside of 10.35% from the stock's current price.
Several other research analysts have also commented on the stock. BMO Capital Markets cut their price target on shares of Hexcel from $71.00 to $70.00 and set a "market perform" rating on the stock in a report on Monday, September 30th. Royal Bank of Canada lowered shares of Hexcel from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Truist Financial cut their price target on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a report on Friday, October 18th. 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. Finally, StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $71.62.
Check Out Our Latest Stock Analysis on Hexcel
Hexcel Price Performance
Shares of HXL traded down $0.31 during trading hours on Friday, reaching $62.53. The company had a trading volume of 544,464 shares, compared to its average volume of 872,576. The firm has a 50 day simple moving average of $61.65 and a 200-day simple moving average of $64.27. The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 53.44, a PEG ratio of 1.38 and a beta of 1.29. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09.
Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The company had revenue of $457.00 million for the quarter, compared to analysts' expectations of $457.07 million. During the same period last year, the company earned $0.38 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. Research analysts expect that Hexcel will post 2.05 earnings per share for the current year.
Hedge Funds Weigh In On Hexcel
Hedge funds and other institutional investors have recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in shares of Hexcel during the first quarter valued at about $36,000. Centerpoint Advisors LLC raised its position in Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company's stock worth $53,000 after acquiring an additional 223 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hexcel in the first quarter worth about $54,000. Eastern Bank bought a new stake in Hexcel in the third quarter worth about $62,000. Finally, GAMMA Investing LLC raised its position in Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company's stock worth $67,000 after acquiring an additional 276 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company's stock.
About Hexcel
(
Get Free Report)
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.
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