Hexcel’s (HXL) “Buy” Rating Reaffirmed at Seaport Res Ptn

Seaport Res Ptn reiterated their buy rating on shares of Hexcel (NYSE:HXL) in a research report sent to investors on Wednesday morning, Zacks.com reports. Seaport Res Ptn also issued estimates for Hexcel’s Q4 2021 earnings at $0.45 EPS, Q1 2022 earnings at $0.61 EPS, Q2 2022 earnings at $0.66 EPS, Q3 2022 earnings at $0.75 EPS and FY2022 earnings at $2.77 EPS.

HXL has been the topic of a number of other research reports. Truist Securities boosted their target price on Hexcel from $35.00 to $50.00 in a research note on Wednesday, April 21st. Canaccord Genuity boosted their price target on Hexcel from $48.00 to $56.00 and gave the stock a hold rating in a research report on Monday, April 26th. The Goldman Sachs Group reaffirmed a sell rating and issued a $43.00 price target on shares of Hexcel in a research report on Thursday, April 1st. Wells Fargo & Company boosted their price target on Hexcel from $49.00 to $60.00 and gave the stock an equal weight rating in a research report on Thursday, April 15th. Finally, Credit Suisse Group raised Hexcel from an underperform rating to a neutral rating and boosted their price target for the stock from $47.00 to $64.00 in a research report on Wednesday, June 30th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average target price of $47.29.

Shares of NYSE HXL opened at $58.50 on Wednesday. The company has a 50-day moving average price of $59.07. The company has a quick ratio of 1.60, a current ratio of 2.59 and a debt-to-equity ratio of 0.61. Hexcel has a one year low of $31.04 and a one year high of $64.99. The stock has a market capitalization of $4.90 billion, a P/E ratio of -201.72 and a beta of 1.52.

Hexcel (NYSE:HXL) last issued its earnings results on Sunday, April 18th. The aerospace company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.06. Hexcel had a negative return on equity of 2.80% and a negative net margin of 1.94%. The firm had revenue of $310.30 million for the quarter, compared to the consensus estimate of $300.48 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The business’s quarterly revenue was down 42.6% compared to the same quarter last year. On average, equities research analysts forecast that Hexcel will post 0.22 EPS for the current fiscal year.

In related news, insider Thierry Merlot sold 1,580 shares of the business’s stock in a transaction dated Thursday, April 29th. The stock was sold at an average price of $56.26, for a total transaction of $88,890.80. Following the transaction, the insider now directly owns 34,025 shares in the company, valued at $1,914,246.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.39% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Investment Consultants LLC increased its stake in Hexcel by 15.7% during the second quarter. Integrated Investment Consultants LLC now owns 10,290 shares of the aerospace company’s stock valued at $642,000 after acquiring an additional 1,395 shares during the period. New Mexico Educational Retirement Board grew its stake in shares of Hexcel by 18.5% in the 2nd quarter. New Mexico Educational Retirement Board now owns 17,300 shares of the aerospace company’s stock valued at $1,080,000 after purchasing an additional 2,700 shares during the period. Advisor Partners LLC bought a new stake in shares of Hexcel in the 1st quarter valued at approximately $253,000. Schroder Investment Management Group grew its stake in shares of Hexcel by 2.9% in the 1st quarter. Schroder Investment Management Group now owns 1,045,545 shares of the aerospace company’s stock valued at $58,551,000 after purchasing an additional 29,714 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Hexcel by 9.3% in the 1st quarter. Principal Financial Group Inc. now owns 376,249 shares of the aerospace company’s stock valued at $21,070,000 after purchasing an additional 31,886 shares during the period. Hedge funds and other institutional investors own 99.34% of the company’s stock.

About Hexcel

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 automotive, marine, and trains.

Featured Story: Does the Dogs of the Dow strategy work?

Analyst Recommendations for Hexcel (NYSE:HXL)

Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.