Deutsche Bank Aktiengesellschaft Cuts Hexcel (NYSE:HXL) Price Target to $60.00

Hexcel (NYSE:HXL) had its target price reduced by Deutsche Bank Aktiengesellschaft from $63.00 to $60.00 in a report published on Thursday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the aerospace company’s stock.

A number of other research firms have also issued reports on HXL. Truist Financial dropped their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Vertical Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Thursday, October 10th. Wells Fargo & Company lifted their target price on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. BMO Capital Markets cut their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Finally, UBS Group lifted 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $71.31.

Hexcel Trading Up 2.8 %

HXL opened at $61.19 on Thursday. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 46.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30. The business’s 50 day moving average is $60.97 and its two-hundred day moving average is $63.61. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. During the same period in the prior year, the company earned $0.38 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. On average, research analysts predict that Hexcel will post 2.02 EPS for the current year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.98%. Hexcel’s payout ratio is 45.80%.

Institutional Trading of Hexcel

Institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in shares of Hexcel by 151.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock worth $25,086,000 after purchasing an additional 207,434 shares during the last quarter. Speece Thorson Capital Group Inc. raised its holdings in shares of Hexcel by 15.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock worth $15,140,000 after acquiring an additional 32,960 shares during the last quarter. Silvercrest Asset Management Group LLC lifted its position in shares of Hexcel by 32.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock valued at $5,897,000 after acquiring an additional 19,736 shares in the last quarter. Capital World Investors boosted its stake in shares of Hexcel by 16.4% during the first quarter. Capital World Investors now owns 885,547 shares of the aerospace company’s stock valued at $64,512,000 after acquiring an additional 124,900 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its position in Hexcel by 215.5% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after purchasing an additional 590,975 shares in the last quarter. 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.