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

Hexcel Co. (NYSE:HXL) has earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $71.33.

Several equities analysts have recently commented on HXL shares. Royal Bank of Canada raised shares of Hexcel from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $68.00 to $74.00 in a report on Thursday, December 19th. BMO Capital Markets decreased their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company raised their price objective on Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial reduced their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. True Wealth Design LLC bought a new position in shares of Hexcel in the third quarter worth about $30,000. Capital Performance Advisors LLP purchased a new stake in Hexcel in the 3rd quarter valued at about $56,000. First Horizon Advisors Inc. boosted its position in Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after buying an additional 326 shares during the period. Huntington National Bank grew its stake in Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after acquiring an additional 225 shares in the last quarter. Finally, Eastern Bank purchased a new position in shares of Hexcel during the third quarter worth approximately $62,000. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Trading Down 0.3 %

Shares of HXL stock opened at $63.10 on Thursday. 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 has a fifty day simple moving average of $62.11 and a two-hundred day simple moving average of $62.45. The firm has a market capitalization of $5.11 billion, a PE ratio of 48.17, a PEG ratio of 1.96 and a beta of 1.30. Hexcel has a 52-week low of $57.50 and a 52-week high of $77.09.

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

Hexcel Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, November 1st. Hexcel’s dividend payout ratio is currently 45.80%.

About Hexcel

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.