Hexcel’s (HXL) “Hold” Rating Reiterated at Barclays

Hexcel (NYSE:HXL)‘s stock had its “hold” rating reissued by equities research analysts at Barclays in a research report issued on Sunday, AnalystRatings.com reports. They currently have a $77.00 price objective on the aerospace company’s stock. Barclays‘s price target suggests a potential upside of 3.87% from the company’s previous close.

Several other research firms have also commented on HXL. Cowen reiterated a “buy” rating and set a $75.00 price objective on shares of Hexcel in a research note on Wednesday, April 24th. ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research upgraded Hexcel from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Friday, February 15th. Loop Capital lowered Hexcel from a “buy” rating to a “hold” rating and set a $71.57 price objective for the company. in a research note on Wednesday, March 6th. Finally, UBS Group upgraded Hexcel from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $67.00 to $76.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $77.05.

NYSE:HXL traded up $0.79 during trading hours on Friday, hitting $74.13. 389,621 shares of the stock were exchanged, compared to its average volume of 464,772. Hexcel has a 52-week low of $53.50 and a 52-week high of $75.00. The company has a current ratio of 2.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.85. The firm has a market cap of $6.29 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18.



Hexcel (NYSE:HXL) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.06. Hexcel had a return on equity of 20.63% and a net margin of 12.71%. The company had revenue of $609.90 million during the quarter, compared to analyst estimates of $590.13 million. During the same period in the previous year, the business earned $0.68 EPS. Hexcel’s quarterly revenue was up 12.9% on a year-over-year basis. On average, research analysts forecast that Hexcel will post 3.46 earnings per share for the current year.

In other news, insider Thierry Merlot sold 3,241 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $71.00, for a total transaction of $230,111.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brett Raymond Schneider sold 2,210 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $70.30, for a total value of $155,363.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 34,698 shares of company stock worth $2,469,248. Insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. acquired a new position in Hexcel in the fourth quarter valued at approximately $29,000. CWM LLC lifted its holdings in Hexcel by 139.6% in the fourth quarter. CWM LLC now owns 520 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 303 shares during the last quarter. Whittier Trust Co. lifted its holdings in Hexcel by 51.7% in the fourth quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 181 shares during the last quarter. Zions Bancorporation N.A. acquired a new position in Hexcel in the first quarter valued at approximately $45,000. Finally, AdvisorNet Financial Inc lifted its holdings in Hexcel by 51.8% in the fourth quarter. AdvisorNet Financial Inc now owns 1,055 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 360 shares during the last quarter. Hedge funds and other institutional investors own 94.30% of the company’s stock.

Hexcel Company Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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Analyst Recommendations for Hexcel (NYSE:HXL)

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