Analysts Set Hexcel Co. (NYSE:HXL) PT at $70.58

Hexcel Co. (NYSE:HXL) has earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $70.58.

A number of equities analysts have recently commented on HXL shares. BMO Capital Markets cut their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company lifted their price target on Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. UBS Group lifted their target price on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research report on Thursday, October 10th. Finally, StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd.

Institutional Investors Weigh In On Hexcel

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

Hexcel Trading Down 0.1 %

NYSE HXL opened at $63.91 on Friday. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09. The firm has a market capitalization of $5.18 billion, a P/E ratio of 48.79, a PEG ratio of 1.98 and a beta of 1.30. The business has a fifty day simple moving average of $61.20 and a 200 day simple moving average of $63.14. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. On average, analysts predict that Hexcel will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio is currently 45.80%.

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.