Jefferies Group LLC reiterated their hold rating on shares of Hexcel Corporation (NYSE:HXL) in a research note issued to investors on Friday. They currently have a $52.00 price target on the aerospace company’s stock.
Other research analysts have also issued research reports about the stock. Aegis reaffirmed a buy rating on shares of Hexcel Corporation in a research report on Wednesday, May 31st. Cowen and Company reaffirmed a buy rating and set a $57.00 price objective on shares of Hexcel Corporation in a research report on Wednesday, April 19th. BidaskClub raised shares of Hexcel Corporation from a strong sell rating to a sell rating in a research report on Thursday. Zacks Investment Research raised shares of Hexcel Corporation from a sell rating to a hold rating in a research report on Thursday, May 18th. Finally, Canaccord Genuity reissued a hold rating and issued a $52.00 price target on shares of Hexcel Corporation in a research report on Friday, March 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. Hexcel Corporation presently has an average rating of Buy and a consensus price target of $56.56.
Shares of Hexcel Corporation (HXL) traded up 0.2532% during trading on Friday, reaching $53.9663. The company’s stock had a trading volume of 211,384 shares. Hexcel Corporation has a 1-year low of $41.03 and a 1-year high of $55.91. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 19.5459 and a beta of 1.04. The company’s 50-day moving average price is $51.20 and its 200 day moving average price is $52.11.
Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings data on Wednesday, April 19th. The aerospace company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.03. The company had revenue of $478.80 million for the quarter, compared to analyst estimates of $522.29 million. Hexcel Corporation had a net margin of 13.02% and a return on equity of 19.45%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. Analysts anticipate that Hexcel Corporation will post $2.69 EPS for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. acquired a new position in Hexcel Corporation during the fourth quarter valued at about $1,391,000. Comerica Bank boosted its stake in shares of Hexcel Corporation by 39.5% in the fourth quarter. Comerica Bank now owns 9,731 shares of the aerospace company’s stock valued at $497,000 after buying an additional 2,753 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hexcel Corporation by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 733,523 shares of the aerospace company’s stock valued at $37,734,000 after buying an additional 63,772 shares in the last quarter. Norges Bank purchased a new stake in shares of Hexcel Corporation during the fourth quarter valued at $31,627,000. Finally, RMB Capital Management LLC purchased a new stake in shares of Hexcel Corporation during the fourth quarter valued at $1,157,000.
Hexcel Corporation Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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