Brokerages Set Hexcel Co. (NYSE:HXL) Target Price at $71.33

Hexcel Co. (NYSE:HXL) has been given a consensus rating of “Hold” by the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $73.25.

HXL has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday. TD Cowen raised Hexcel to a “hold” rating in a report on Thursday, December 19th. Wells Fargo & Company increased their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday. Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. Finally, UBS Group increased their price objective on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th.

Institutional Trading of Hexcel

Several institutional investors have recently bought and sold shares of HXL. True Wealth Design LLC acquired a new stake in Hexcel in the 3rd quarter valued at $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Hexcel in the third quarter valued at about $56,000. First Horizon Advisors Inc. increased its stake in shares of Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 326 shares in the last quarter. Huntington National Bank raised its position in shares of Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the last quarter. Finally, Eastern Bank purchased a new position in Hexcel in the 3rd quarter valued at about $62,000. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Price Performance

Shares of HXL stock opened at $67.48 on Monday. The firm has a market capitalization of $5.47 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 1.94 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The stock’s 50-day simple moving average is $63.73 and its 200-day simple moving average is $62.71. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.55%. As a group, equities analysts forecast that Hexcel will post 2.34 earnings per share for the current fiscal year.

Hexcel Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.17 dividend. This is a boost from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a yield of 1.01%. Hexcel’s dividend payout ratio is presently 37.74%.

Hexcel Company Profile

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.