Hexcel Corp. Rating Reiterated by Deutsche Bank (HXL)
Hexcel Corp. (NYSE:HXL)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. They currently have a $54.00 price target on the stock, up from their previous price target of $41.00. Deutsche Bank’s price target points to a potential upside of 39.18% from the company’s current price.
The analysts wrote, “We see at least 40% more upside in shares of HXL and are raising our 12- month target to $54 from $41. We believe the company is on the verge of entering the sweet spot of its already-impressive earnings growth trajectory, as the Airbus A350 enters service late next year and begins its production ramp. As such, we are initiating our 2015 EPS estimate at $2.70 (consensus: $2.38), which translates to 50% earnings growth over 2013 levels.”
Hexcel Corp. (NYSE:HXL) traded down 0.94% on Monday, hitting $38.435. The stock had a trading volume of 44,716 shares. Hexcel Corp. has a 52-week low of $23.45 and a 52-week high of $39.68. The stock’s 50-day moving average is $37.07 and its 200-day moving average is $33.79. The company has a market cap of $3.824 billion and a P/E ratio of 23.52.
Hexcel Corp. (NYSE:HXL) last released its earnings data on Monday, July 22nd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.47 by $0.01. The company had revenue of $422.60 million for the quarter, compared to the consensus estimate of $423.82 million. During the same quarter last year, the company posted $0.42 earnings per share. Hexcel Corp.’s revenue was up 5.9% compared to the same quarter last year. Analysts expect that Hexcel Corp. will post $1.82 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at CRT Capital raised their price target on shares of Hexcel Corp. (NYSE:HXL) from $36.00 to $42.00 in a research note to investors on Monday, August 12th. They now have a “buy” rating on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of Hexcel Corp. (NYSE:HXL) in a research note to investors on Wednesday, July 24th. They now have a $39.00 price target on the stock, down previously from $43.00. Finally, analysts at RBC Capital raised their price target on shares of Hexcel Corp. (NYSE:HXL) from $39.00 to $43.00 in a research note to investors on Wednesday, July 24th. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Hexcel Corp. currently has a consensus rating of “Buy” and an average target price of $39.60.
Hexcel Corporation (NYSE:HXL) is a composites company.
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