Hexcel Corporation (NYSE:HXL)‘s stock had its “hold” rating reissued by investment analysts at Canaccord Genuity in a research note issued on Monday, July 24th. They currently have a $54.00 price objective on the aerospace company’s stock. Canaccord Genuity’s price objective would suggest a potential upside of 2.80% from the company’s current price.
A number of other equities analysts have also recently issued reports on HXL. Zacks Investment Research cut shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, March 29th. Cowen and Company reissued a “buy” rating and issued a $57.00 price objective on shares of Hexcel Corporation in a research report on Wednesday, April 19th. Aegis reissued a “buy” rating on shares of Hexcel Corporation in a research report on Wednesday, May 31st. BidaskClub raised shares of Hexcel Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $52.00 price target on shares of Hexcel Corporation in a research report on Friday, July 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $56.89.
Hexcel Corporation (NYSE HXL) traded down 0.64% on Monday, reaching $52.53. The company’s stock had a trading volume of 424,798 shares. Hexcel Corporation has a one year low of $41.03 and a one year high of $55.91. The company has a market capitalization of $4.72 billion, a PE ratio of 19.24 and a beta of 1.04. The firm has a 50-day moving average of $53.04 and a 200-day moving average of $52.49.
Hexcel Corporation (NYSE:HXL) last released its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 EPS. Analysts predict that Hexcel Corporation will post $2.68 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in HXL. B. Riley Financial Inc. bought a new position in Hexcel Corporation during the second quarter valued at approximately $944,000. Epoch Investment Partners Inc. raised its position in Hexcel Corporation by 6.6% in the second quarter. Epoch Investment Partners Inc. now owns 3,246,155 shares of the aerospace company’s stock valued at $171,365,000 after buying an additional 199,893 shares during the period. Dimensional Fund Advisors LP raised its position in Hexcel Corporation by 14.1% in the second quarter. Dimensional Fund Advisors LP now owns 910,683 shares of the aerospace company’s stock valued at $48,074,000 after buying an additional 112,420 shares during the period. Advisor Group Inc. raised its position in Hexcel Corporation by 0.5% in the second quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock valued at $275,000 after buying an additional 24 shares during the period. Finally, Nordea Investment Management AB raised its position in Hexcel Corporation by 47.6% in the second quarter. Nordea Investment Management AB now owns 189,248 shares of the aerospace company’s stock valued at $9,990,000 after buying an additional 61,013 shares during the period.
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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