Hexcel Co. (NYSE:HXL) Receives $56.70 Average Price Target from Brokerages

Hexcel Co. (NYSE:HXLGet Rating) has received a consensus recommendation of “Hold” from the thirteen analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $56.70.

A number of equities analysts have recently weighed in on HXL shares. Royal Bank of Canada boosted their target price on Hexcel from $55.00 to $60.00 in a research note on Wednesday, April 27th. Wolfe Research initiated coverage on Hexcel in a research note on Thursday, February 17th. They issued an “underperform” rating and a $50.00 price objective on the stock. UBS Group upgraded Hexcel from a “sell” rating to a “neutral” rating and set a $52.00 price objective on the stock in a research note on Friday, January 28th. StockNews.com initiated coverage on Hexcel in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Morgan Stanley upped their price objective on Hexcel from $55.00 to $57.00 and gave the company an “underweight” rating in a research note on Friday, January 28th.

Several institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in Hexcel by 13.4% in the third quarter. LPL Financial LLC now owns 171,498 shares of the aerospace company’s stock worth $10,185,000 after acquiring an additional 20,217 shares in the last quarter. Victory Capital Management Inc. grew its position in Hexcel by 25.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,679,053 shares of the aerospace company’s stock worth $86,975,000 after acquiring an additional 337,683 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Hexcel by 30.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,637 shares of the aerospace company’s stock worth $551,000 after acquiring an additional 2,456 shares in the last quarter. UBS Group AG grew its position in Hexcel by 1,253.9% in the third quarter. UBS Group AG now owns 84,523 shares of the aerospace company’s stock worth $5,019,000 after acquiring an additional 78,280 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Hexcel by 1.0% in the fourth quarter. First Trust Advisors LP now owns 195,598 shares of the aerospace company’s stock worth $10,132,000 after acquiring an additional 1,978 shares in the last quarter. 97.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE HXL traded up $1.96 during midday trading on Friday, reaching $57.09. The company’s stock had a trading volume of 638,307 shares, compared to its average volume of 706,838. Hexcel has a 12-month low of $46.77 and a 12-month high of $64.99. The firm has a 50 day moving average price of $56.09 and a 200-day moving average price of $55.06. The stock has a market capitalization of $4.80 billion, a P/E ratio of 100.56 and a beta of 1.25. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.77 and a quick ratio of 1.69.

Hexcel (NYSE:HXLGet Rating) last announced its earnings results on Monday, April 25th. The aerospace company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Hexcel had a return on equity of 3.36% and a net margin of 3.41%. The firm had revenue of $390.60 million for the quarter, compared to the consensus estimate of $372.46 million. During the same quarter in the previous year, the business earned ($0.10) EPS. The company’s revenue was up 25.9% compared to the same quarter last year. On average, equities analysts predict that Hexcel will post 1.22 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, May 13th. Stockholders of record on Friday, May 6th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. Hexcel’s payout ratio is currently 70.18%.

Hexcel Company Profile (Get Rating)

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 through 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 automotive, marine, and trains.

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