Hexcel Corp. Now Covered by Analysts at Oppenheimer (HXL)
Research analysts at Oppenheimer initiated coverage on shares of Hexcel Corp. (NYSE: HXL) in a report released on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
The analysts wrote, “We believe Hexcel represents a compelling play on rising commercial aircraft production rates and on the secular growth of carbon composite content on new aerospace platforms. Our neutral rating does not reflect concerns over the company’s fundamentals, which we view as strong and improving, but over valuation, which now seems fair.”
HXL has been the subject of a number of other recent research reports. Analysts at Topeka Capital Markets reiterated a “buy” rating on shares of Hexcel Corp. in a research note to investors on Wednesday, June 19th. They now have a $40.00 price target on the stock, up previously from $38.00. Separately, analysts at Ned Davis Research upgraded shares of Hexcel Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, June 10th. Finally, analysts at DA Davidson reiterated a “buy” rating on shares of Hexcel Corp. in a research note to investors on Monday, June 10th. They now have a $41.00 price target on the stock, up previously from $35.00.
One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $37.00.
Shares of Hexcel Corp. (NYSE: HXL) opened at 34.88 on Thursday. Hexcel Corp. has a 52 week low of $22.17 and a 52 week high of $35.72. The stock’s 50-day moving average is currently $34.20. The company has a market cap of $3.497 billion and a P/E ratio of 21.14.
Hexcel Corp. (NYSE: HXL) last released its earnings data on Monday, April 22nd. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. The company had revenue of $416.50 million for the quarter, compared to the consensus estimate of $417.97 million. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Hexcel Corp. has set its FY13 guidance at $1.73-1.83 EPS. On average, analysts predict that Hexcel Corp. will post $1.81 earnings per share for the current fiscal year.
Hexcel Corporation (NYSE: HXL) is an advanced composites company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.