Hexcel (NYSE:HXL) PT Raised to $86.00 at KeyCorp

Hexcel (NYSE:HXL) had its price objective upped by KeyCorp from $76.00 to $86.00 in a research report issued to clients and investors on Tuesday, The Fly reports. The brokerage currently has an “overweight” rating on the aerospace company’s stock. KeyCorp’s target price points to a potential upside of 6.77% from the company’s previous close.

Several other equities analysts have also recently commented on HXL. ValuEngine raised shares of YY from a “sell” rating to a “hold” rating in a research report on Friday, June 7th. UBS Group cut shares of AGL Energy to a “sell” rating in a research report on Thursday, May 23rd. Barclays reaffirmed a “hold” rating and set a $77.00 price target on shares of Hexcel in a research report on Sunday, May 26th. Cowen reaffirmed an “outperform” rating and set a $230.00 price target (up previously from $200.00) on shares of Norfolk Southern in a research report on Wednesday, April 24th. Finally, Zacks Investment Research cut shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $78.38.

NYSE:HXL traded up $0.19 on Tuesday, reaching $80.55. The stock had a trading volume of 275,185 shares, compared to its average volume of 479,197. The company has a current ratio of 2.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.85. The stock’s 50-day moving average price is $77.31. The company has a market cap of $6.82 billion, a PE ratio of 26.43, a P/E/G ratio of 2.36 and a beta of 1.11. Hexcel has a 12-month low of $53.50 and a 12-month high of $82.00.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Tuesday, April 23rd. The aerospace company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The company had revenue of $609.90 million during the quarter, compared to analysts’ expectations of $590.13 million. Hexcel had a net margin of 12.71% and a return on equity of 20.63%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 EPS. As a group, equities analysts predict that Hexcel will post 3.46 EPS for the current fiscal year.

In related news, insider Brett Raymond Schneider sold 2,210 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $70.30, for a total transaction of $155,363.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Timothy Swords sold 20,395 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $70.86, for a total transaction of $1,445,189.70. Following the sale, the insider now owns 16,839 shares in the company, valued at approximately $1,193,211.54. The disclosure for this sale can be found here. Insiders have sold 36,179 shares of company stock worth $2,600,947 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Scout Investments Inc. increased its stake in shares of Hexcel by 34.7% in the second quarter. Scout Investments Inc. now owns 392,827 shares of the aerospace company’s stock valued at $31,772,000 after purchasing an additional 101,240 shares during the period. Sanders Morris Harris LLC acquired a new position in shares of Hexcel during the second quarter valued at approximately $1,937,000. Carroll Financial Associates Inc. acquired a new position in shares of Hexcel during the second quarter valued at approximately $170,000. WINTON GROUP Ltd increased its stake in shares of Hexcel by 19.7% during the second quarter. WINTON GROUP Ltd now owns 6,465 shares of the aerospace company’s stock valued at $523,000 after acquiring an additional 1,063 shares during the period. Finally, FMR LLC increased its stake in shares of Hexcel by 66.1% during the first quarter. FMR LLC now owns 21,957 shares of the aerospace company’s stock valued at $1,519,000 after acquiring an additional 8,734 shares during the period. Hedge funds and other institutional investors own 92.71% of the company’s stock.

Hexcel Company Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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