Deutsche Bank Aktiengesellschaft Cuts Hexcel (NYSE:HXL) Price Target to $63.00

Hexcel (NYSE:HXL - Free Report) had its price target reduced by Deutsche Bank Aktiengesellschaft from $64.00 to $63.00 in a report published on Friday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the aerospace company's stock.

Other equities analysts have also issued reports about the stock. UBS Group upped their target price on shares of Hexcel from $67.00 to $69.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Morgan Stanley reduced their price objective on Hexcel from $63.00 to $61.00 and set an "underweight" rating for the company in a research report on Monday, July 22nd. Wells Fargo & Company lifted their target price on Hexcel from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. StockNews.com raised Hexcel from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Finally, Vertical Research downgraded shares of Hexcel from a "buy" rating to a "hold" rating and set a $65.00 price objective on the stock. in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $71.54.

Hexcel Trading Up 0.3 %

HXL stock traded up $0.16 during midday trading on Friday, hitting $58.86. 920,038 shares of the company's stock were exchanged, compared to its average volume of 878,131. Hexcel has a one year low of $57.50 and a one year high of $77.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The company has a market cap of $4.77 billion, a PE ratio of 44.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.29. The stock's fifty day moving average price is $61.40 and its 200-day moving average price is $64.09.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly earnings data 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 business 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.38 EPS. Research analysts predict that Hexcel will post 2.04 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.02%. Hexcel's payout ratio is 45.80%.

Institutional Trading of Hexcel

A number of hedge funds have recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new stake in Hexcel in the 1st quarter valued at $36,000. Centerpoint Advisors LLC increased its holdings in shares of Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company's stock valued at $53,000 after purchasing an additional 223 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Hexcel in the third quarter valued at about $56,000. Eastern Bank acquired a new stake in shares of Hexcel during the 3rd quarter worth about $62,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Hexcel by 34.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company's stock worth $67,000 after buying an additional 276 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

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.