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

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

Several other research analysts have also weighed in on the stock. StockNews.com raised shares of Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. 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 report on Monday, October 28th. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Thursday, October 10th. Wells Fargo & Company lifted their target price on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, UBS Group increased their price target on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.54.

Hexcel Trading Up 0.3 %

Shares of NYSE HXL opened at $58.84 on Friday. The company’s 50 day simple moving average is $61.40 and its 200 day simple moving average is $64.10. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The firm has a market capitalization of $4.77 billion, a P/E ratio of 44.92, a P/E/G ratio of 1.40 and a beta of 1.30.

Hexcel (NYSE:HXL) last posted 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. The business had revenue of $457.00 million for 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%. The firm’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. On average, analysts predict that Hexcel will post 2.04 EPS for the current year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. Hexcel’s dividend payout ratio is currently 45.80%.

Institutional Trading of Hexcel

Institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new stake in Hexcel during the 1st quarter worth about $36,000. Centerpoint Advisors LLC boosted its position in Hexcel by 44.6% during 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 acquired a new position in Hexcel during the third quarter valued at approximately $56,000. Eastern Bank bought a new position in Hexcel in the third quarter valued at approximately $62,000. Finally, GAMMA Investing LLC increased its position 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 purchasing an additional 276 shares during the last quarter. 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.