Hexcel Corp. Stock Rating Reaffirmed by Deutsche Bank (HXL)
Hexcel Corp. (NYSE:HXL)‘s stock had its “buy” rating reaffirmed by Deutsche Bank in a research note issued on Friday, Analyst Ratings Network reports. They currently have a $54.00 price target on the stock. Deutsche Bank’s target price would suggest a potential upside of 35.58% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson raised their price target on shares of Hexcel Corp. from $41.00 to $46.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, 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. 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 analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Hexcel Corp. has a consensus rating of “Buy” and an average price target 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 1-year low of $23.45 and a 1-year high of $39.85. The stock’s 50-day moving average is $37.9 and its 200-day moving average is $34.47. The company has a market cap of $3.963 billion and a P/E ratio of 23.88.
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 in the previous year, the company posted $0.42 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. 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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