Jefferies Group Increases Hexcel Corp. Price Target to $40.00 (HXL)
Analysts at Jefferies Group boosted their price target on shares of Hexcel Corp. (NYSE:HXL) from $35.00 to $40.00 in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential upside of 1.11% from the stock’s previous close.
A number of other analysts have also recently weighed in on HXL. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Hexcel Corp. in a research note to investors on Friday. They now have a $54.00 price target on the stock. Separately, 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. Finally, analysts at Canaccord Genuity initiated coverage on shares of Hexcel Corp. in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $46.00 price target on the stock. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $41.09.
In other Hexcel Corp. news, CFO Wayne C. Pensky unloaded 15,000 shares of Hexcel Corp. stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $40.06, for a total transaction of $600,900.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Hexcel Corp. (NYSE:HXL) traded down 1.30% during mid-day trading on Tuesday, hitting $39.56. 403,865 shares of the company’s stock traded hands. Hexcel Corp. has a 52 week low of $23.45 and a 52 week high of $40.21. The stock’s 50-day moving average is $38.00 and its 200-day moving average is $34.63. The company has a market cap of $3.936 billion and a price-to-earnings ratio of 24.29.
Hexcel Corp. (NYSE:HXL) last announced its earnings results on Monday, July 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Hexcel Corp. will post $1.82 EPS for the current fiscal year.
Hexcel Corporation (NYSE:HXL) is a composites company.
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