Hexcel (NYSE:HXL) PT Raised to $69.00 at UBS Group

Hexcel (NYSE:HXL) had its target price lifted by investment analysts at UBS Group from $67.00 to $69.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the aerospace company’s stock. UBS Group’s target price points to a potential upside of 10.35% from the stock’s current price.

HXL has been the subject of several other reports. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft cut their target price on Hexcel from $65.00 to $62.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Royal Bank of Canada lowered Hexcel from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. Morgan Stanley cut their price objective on shares of Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Finally, Wells Fargo & Company lifted their target price on shares of Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $71.62.

Hexcel Trading Down 0.5 %

HXL opened at $62.53 on Friday. The stock has a market cap of $5.06 billion, a PE ratio of 47.73, a PEG ratio of 1.48 and a beta of 1.29. The business has a 50 day moving average of $61.65 and a 200-day moving average of $64.16. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a quick ratio of 1.55, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last announced its 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. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. During the same quarter in the previous year, the business posted $0.38 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Equities research analysts predict that Hexcel will post 2.07 earnings per share for the current fiscal year.

Institutional Trading of Hexcel

Several large investors have recently modified their holdings of HXL. Fidelis Capital Partners LLC purchased a new position in Hexcel in the first quarter worth about $36,000. Centerpoint Advisors LLC boosted its holdings in shares of Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after buying an additional 223 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in Hexcel during the first quarter valued at approximately $54,000. Eastern Bank purchased a new stake in Hexcel during the third quarter valued at approximately $62,000. Finally, GAMMA Investing LLC raised its position in Hexcel by 34.8% in the second quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 276 shares during the period. 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.