Analysts Set Hexcel Co. (NYSE:HXL) Target Price at $73.46

Hexcel Co. (NYSE:HXL) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $73.46.

HXL has been the subject of several recent research reports. Morgan Stanley decreased their price target on Hexcel from $63.00 to $61.00 and set an “underweight” rating for the company in a report on Monday, July 22nd. Truist Financial lowered their target price on shares of Hexcel from $88.00 to $81.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Vertical Research cut 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. BMO Capital Markets decreased their price objective on shares of Hexcel from $71.00 to $70.00 and set a “market perform” rating for the company in a research note on Monday, September 30th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Hexcel from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd.

Hedge Funds Weigh In On Hexcel

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC lifted its stake in shares of Hexcel by 277.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after buying an additional 1,246,765 shares in the last quarter. Millennium Management LLC lifted its position in shares of Hexcel by 307.1% during the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after acquiring an additional 814,402 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Hexcel by 215.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after acquiring an additional 590,975 shares during the period. Ceredex Value Advisors LLC raised its stake in shares of Hexcel by 280.7% during the 2nd quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock valued at $45,107,000 after purchasing an additional 532,550 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Hexcel by 114.4% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 436,321 shares of the aerospace company’s stock worth $31,786,000 after purchasing an additional 232,827 shares in the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Up 2.0 %

Hexcel stock opened at $61.92 on Friday. The firm has a market capitalization of $5.15 billion, a price-to-earnings ratio of 52.92, a price-to-earnings-growth ratio of 1.38 and a beta of 1.29. The firm’s fifty day moving average price is $61.52 and its two-hundred day moving average price is $64.57. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Thursday, July 18th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $500.40 million during the quarter, compared to the consensus estimate of $484.26 million. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The company’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.50 EPS. On average, equities research analysts predict that Hexcel will post 2.05 earnings per share for the current fiscal year.

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.