Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Hexcel (NYSE:HXL) Stock Price

Hexcel (NYSE:HXL) had its price objective cut by analysts at Deutsche Bank Aktiengesellschaft from $64.00 to $63.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential upside of 7.07% from the company’s current price.

Several other equities research analysts have also recently commented on HXL. Morgan Stanley dropped their target price on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a report on Monday, July 22nd. BMO Capital Markets dropped 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. Truist Financial decreased their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $71.54.

Hexcel Trading Up 0.5 %

Shares of HXL stock opened at $58.84 on Friday. The firm has a market capitalization of $4.77 billion, a PE ratio of 44.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09. The stock has a fifty day moving average of $61.40 and a two-hundred day moving average of $64.09.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (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 during the quarter, compared to analyst estimates of $457.07 million. During the same quarter in the prior year, the firm posted $0.38 EPS. Hexcel’s revenue was up 8.9% compared to the same quarter last year. As a group, research analysts expect that Hexcel will post 2.04 EPS for the current year.

Institutional Trading of Hexcel

Hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its position in shares of Hexcel by 151.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 344,342 shares of the aerospace company’s stock worth $25,086,000 after purchasing an additional 207,434 shares in the last quarter. Silvercrest Asset Management Group LLC lifted its position in Hexcel by 32.2% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 80,953 shares of the aerospace company’s stock worth $5,897,000 after buying an additional 19,736 shares in the last quarter. Seven Eight Capital LP acquired a new stake in shares of Hexcel during the 1st quarter valued at $1,109,000. Capital World Investors grew its holdings in shares of Hexcel by 16.4% during the 1st quarter. Capital World Investors now owns 885,547 shares of the aerospace company’s stock valued at $64,512,000 after acquiring an additional 124,900 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Hexcel by 6.7% in the first quarter. Sei Investments Co. now owns 1,318,541 shares of the aerospace company’s stock worth $96,056,000 after acquiring an additional 82,473 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

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.