Hexcel Co. (NYSE:HXL) Receives $82.21 Average Price Target from Analysts

Shares of Hexcel Co. (NYSE:HXL) have been given an average rating of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $82.21.

A number of equities research analysts have commented on the company. Goldman Sachs Group downgraded Hexcel from a “neutral” rating to a “sell” rating and set a $73.00 target price on the stock. in a research report on Friday, August 16th. Wells Fargo & Co assumed coverage on Hexcel in a research report on Tuesday, October 15th. They set a “market perform” rating and a $85.00 price objective for the company. Credit Suisse Group cut their price objective on Hexcel from $79.00 to $78.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Bank of America lowered shares of Hexcel from a “buy” rating to an “underperform” rating and reduced their price objective for the company from $95.00 to $80.00 in a report on Tuesday, October 1st. Finally, ValuEngine cut shares of Hexcel from a “hold” rating to a “sell” rating in a research report on Monday, October 21st.

Shares of NYSE HXL traded up $0.66 during midday trading on Tuesday, reaching $80.03. 234,409 shares of the stock were exchanged, compared to its average volume of 482,952. The company has a 50 day simple moving average of $77.31 and a 200 day simple moving average of $79.00. The stock has a market capitalization of $6.67 billion, a P/E ratio of 26.24, a PEG ratio of 2.37 and a beta of 1.01. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.21 and a current ratio of 2.22. Hexcel has a twelve month low of $53.50 and a twelve month high of $87.00.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.02. The firm had revenue of $572.50 million for the quarter, compared to analyst estimates of $598.88 million. Hexcel had a net margin of 12.73% and a return on equity of 21.74%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. On average, research analysts expect that Hexcel will post 3.53 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $0.68 annualized dividend and a dividend yield of 0.85%. Hexcel’s dividend payout ratio is currently 22.30%.

Several hedge funds and other institutional investors have recently modified their holdings of HXL. Nuveen Asset Management LLC acquired a new position in Hexcel in the 2nd quarter valued at about $83,589,000. Atlanta Capital Management Co. L L C acquired a new position in shares of Hexcel in the second quarter valued at approximately $63,334,000. Invesco Ltd. grew its holdings in shares of Hexcel by 215.2% in the second quarter. Invesco Ltd. now owns 1,132,300 shares of the aerospace company’s stock valued at $91,580,000 after purchasing an additional 773,112 shares in the last quarter. TimesSquare Capital Management LLC increased its stake in Hexcel by 12.6% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,506,260 shares of the aerospace company’s stock worth $121,826,000 after buying an additional 168,360 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Hexcel by 21.6% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 815,343 shares of the aerospace company’s stock worth $65,945,000 after buying an additional 144,760 shares during the period. 96.43% of the stock is owned by institutional investors and hedge funds.

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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