Hexcel Co. (NYSE:HXL) Receives Average Recommendation of “Hold” from Analysts

Hexcel Co. (NYSE:HXL) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $71.33.

HXL has been the subject of a number of analyst reports. BMO Capital Markets cut their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company increased their price target on shares of Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Royal Bank of Canada raised Hexcel from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $68.00 to $74.00 in a research note on Thursday, December 19th. Finally, TD Cowen upgraded Hexcel to a “hold” rating in a research note on Thursday, December 19th.

Hexcel Stock Down 0.7 %

Shares of NYSE:HXL opened at $66.32 on Monday. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The stock has a market cap of $5.37 billion, a P/E ratio of 50.63, a P/E/G ratio of 1.77 and a beta of 1.30. The firm has a fifty day moving average price of $62.98 and a 200 day moving average price of $62.55.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating 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 last year, the business posted $0.38 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Sell-side analysts predict that Hexcel will post 2.02 EPS for the current year.

Hedge Funds Weigh In On Hexcel

Several hedge funds have recently added to or reduced their stakes in the business. True Wealth Design LLC acquired a new stake in shares of Hexcel in the third quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new stake in Hexcel during the 3rd quarter valued at $56,000. First Horizon Advisors Inc. increased its position in Hexcel by 53.8% during the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after buying an additional 326 shares in the last quarter. Huntington National Bank raised its holdings in shares of Hexcel by 30.8% in the third 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 purchased a new stake in shares of Hexcel in the third quarter valued at $62,000. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.