Hexcel (NYSE:HXL) Price Target Raised to $81.00

Hexcel (NYSE:HXL) had its target price boosted by Wells Fargo & Company from $78.00 to $81.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the aerospace company’s stock.

A number of other analysts also recently weighed in on HXL. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. BMO Capital Markets decreased their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, October 10th. Royal Bank of Canada downgraded Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Finally, Truist Financial lowered their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hexcel currently has a consensus rating of “Hold” and an average price target of $70.83.

Hexcel Trading Down 0.2 %

Hexcel stock opened at $63.77 on Wednesday. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09. 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 firm has a market capitalization of $5.17 billion, a PE ratio of 48.68, a PEG ratio of 1.96 and a beta of 1.30. The business’s 50-day simple moving average is $61.65 and its 200-day simple moving average is $62.81.

Hexcel (NYSE:HXL) last issued its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 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 company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same period in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts forecast that Hexcel will post 2.02 earnings per share for the current year.

Hexcel Dividend Announcement

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

Institutional Investors Weigh In On Hexcel

Several large investors have recently made changes to their positions in HXL. True Wealth Design LLC acquired a new position in Hexcel in the third quarter valued at about $30,000. Capital Performance Advisors LLP bought a new position in shares of Hexcel in the third quarter valued at approximately $56,000. First Horizon Advisors Inc. boosted its holdings in shares of Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 326 shares in the last quarter. Huntington National Bank grew its position in 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 acquiring an additional 225 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Hexcel during the 3rd quarter valued at $62,000. Institutional investors own 95.47% of the company’s stock.

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.