Hexcel Corp. Price Target Raised to $49.00 at DA Davidson (HXL)
Investment analysts at DA Davidson hoisted their price objective on shares of Hexcel Corp. (NYSE:HXL) from $46.00 to $49.00 in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price target points to a potential upside of 15.19% from the stock’s previous close.
In other Hexcel Corp. news, CFO Wayne Pensky sold 15,000 shares of the company’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $40.06, for a total transaction of $600,900.00. Following the completion of the transaction, the chief financial officer now directly owns 87,608 shares in the company, valued at approximately $3,509,576. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of other analysts have also recently weighed in on HXL. Analysts at RBC Capital raised their price target on shares of Hexcel Corp. from $43.00 to $47.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Hexcel Corp. from $33.00 to $43.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at Cowen and Company raised their price target on shares of Hexcel Corp. from $40.00 to $46.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Hexcel Corp. presently has an average rating of “Buy” and a consensus price target of $43.62.
Hexcel Corp. (NYSE:HXL) remained flat at $42.54 during during mid-day trading trading on Thursday. 293,033 shares of the company’s stock traded hands. Hexcel Corp. has a one year low of $23.23 and a one year high of $37.88. The stock’s 50-day moving average is $36.25 and its 200-day moving average is $32.99. The company has a market cap of $4.232 billion and a P/E ratio of 25.78.
Hexcel Corp. (NYSE:HXL) last announced its earnings results on Tuesday, October 22nd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $412.00 million for the quarter, compared to the consensus estimate of $428.63 million. During the same quarter last year, the company posted $0.39 earnings per share. Hexcel Corp.’s revenue was up 5.3% compared to the same quarter last year. On average, analysts predict that Hexcel Corp. will post $1.84 earnings per share for the current fiscal year.
Hexcel Corporation (NYSE:HXL) is a composites company.
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