Hexcel Corp. Price Target Increased to $46.00 by Analysts at DA Davidson (HXL)
Investment analysts at DA Davidson increased their target price on shares of Hexcel Corp. (NYSE:HXL) from $41.00 to $46.00 in a note issued to investors on Friday, Analyst RN reports. The firm currently has a “buy” rating on the stock. DA Davidson’s target price indicates a potential upside of 15.49% from the company’s current price.
A number of other analysts have also recently weighed in on HXL. Analysts at Canaccord Genuity initiated coverage on shares of Hexcel Corp. in a research note to investors on Wednesday. They set a “buy” rating and a $46.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Hexcel Corp. in a research note to investors on Monday, September 30th. They now have a $54.00 price target on the stock, up previously from $41.00. Finally, analysts at CRT Capital raised their price target on shares of Hexcel Corp. 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Hexcel Corp. has an average rating of “Buy” and an average target price of $40.64.
Shares of Hexcel Corp. (NYSE:HXL) traded up 1.07% on Friday, hitting $39.83. 250,198 shares of the company’s stock traded hands. Hexcel Corp. has a 52-week low of $23.45 and a 52-week high of $39.75. The stock has a 50-day moving average of $37.80 and a 200-day moving average of $34.40. The company has a market cap of $3.963 billion and a price-to-earnings ratio of 23.88.
Hexcel Corp. (NYSE:HXL) last announced its earnings results 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. On average, analysts predict that Hexcel Corp. will post $1.82 earnings per share for the current fiscal year.
Hexcel Corporation (NYSE:HXL) is a composites company.
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