Analysts Set Hexcel Co. (NYSE:HXL) PT at $71.54

Shares of Hexcel Co. (NYSE:HXL) have received a consensus recommendation of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com 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 12-month price objective among analysts that have issued ratings on the stock in the last year is $71.54.

Several brokerages recently issued reports on HXL. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Morgan Stanley decreased their target price on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. Wells Fargo & Company lifted their target price on Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, October 10th. Finally, BMO Capital Markets reduced their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th.

Hedge Funds Weigh In On Hexcel

Several large investors have recently modified their holdings of HXL. Fidelis Capital Partners LLC purchased a new position in Hexcel during the 1st quarter valued at $36,000. Capital Performance Advisors LLP purchased a new position in Hexcel during the 3rd quarter valued at $56,000. First Horizon Advisors Inc. boosted its holdings in Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 326 shares during the period. Huntington National Bank boosted its holdings in Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 225 shares during the period. Finally, Eastern Bank purchased a new position in Hexcel during the 3rd quarter valued at $62,000. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Up 0.8 %

HXL stock opened at $61.67 on Wednesday. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The stock has a market cap of $5.00 billion, a P/E ratio of 47.08, a PEG ratio of 1.45 and a beta of 1.30. The business’s 50-day moving average price is $61.13 and its 200-day moving average price is $64.05.

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

Hexcel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date 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.