Stifel Nicolaus Cuts Hexcel (NYSE:HXL) Price Target to $84.00

Hexcel (NYSE:HXL) had its price target lowered by equities research analysts at Stifel Nicolaus from $86.00 to $84.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 34.42% from the company’s current price.

Several other research firms have also issued reports on HXL. UBS Group reduced their target price on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday. Truist Financial dropped their target price on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Wells Fargo & Company upgraded shares of Hexcel from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $81.00 to $95.00 in a research report on Wednesday, May 8th. Bank of America restated an “underperform” rating and set a $65.00 price objective (down from $75.00) on shares of Hexcel in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $76.00 target price on shares of Hexcel in a report on Friday, June 14th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $76.86.

Hexcel Stock Up 0.1 %

HXL opened at $62.49 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.51 and a current ratio of 2.74. The stock has a fifty day moving average of $67.23 and a 200-day moving average of $69.78. Hexcel has a fifty-two week low of $58.81 and a fifty-two week high of $79.08. The company has a market capitalization of $5.19 billion, a P/E ratio of 53.41, a P/E/G ratio of 1.17 and a beta of 1.28.

Hexcel (NYSE:HXL) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, hitting the consensus estimate of $0.44. The company had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.50 earnings per share. On average, equities analysts expect that Hexcel will post 2.21 EPS for the current year.

Insider Buying and Selling

In related news, Director Catherine A. Suever acquired 400 shares of the stock in a transaction dated Friday, May 3rd. The stock was bought at an average cost of $68.33 per share, for a total transaction of $27,332.00. Following the completion of the transaction, the director now directly owns 15,748 shares of the company’s stock, valued at $1,076,060.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Guy C. Hachey purchased 3,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were acquired at an average price of $64.53 per share, with a total value of $193,590.00. Following the completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $193,590. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Catherine A. Suever purchased 400 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of $68.33 per share, with a total value of $27,332.00. Following the completion of the acquisition, the director now owns 15,748 shares in the company, valued at approximately $1,076,060.84. The disclosure for this purchase can be found here. Insiders have acquired a total of 43,400 shares of company stock valued at $2,820,322 over the last 90 days. 1.85% of the stock is owned by insiders.

Institutional Investors Weigh In On Hexcel

Hedge funds have recently added to or reduced their stakes in the business. Mariner LLC boosted its holdings in shares of Hexcel by 4.9% during the 3rd quarter. Mariner LLC now owns 13,963 shares of the aerospace company’s stock worth $910,000 after buying an additional 658 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in shares of Hexcel by 5.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,063 shares of the aerospace company’s stock worth $460,000 after buying an additional 368 shares in the last quarter. Treasurer of the State of North Carolina boosted its holdings in shares of Hexcel by 0.5% during the 3rd quarter. Treasurer of the State of North Carolina now owns 37,007 shares of the aerospace company’s stock worth $2,411,000 after buying an additional 180 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Hexcel by 38.9% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,744 shares of the aerospace company’s stock worth $374,000 after buying an additional 1,609 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Hexcel by 45.4% during the 3rd quarter. AQR Capital Management LLC now owns 126,399 shares of the aerospace company’s stock worth $8,234,000 after buying an additional 39,454 shares in the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.