Hexcel Corp. PT Raised to $46.00 (HXL)
Investment analysts at Cowen and Company hoisted their price target on shares of Hexcel Corp. (NYSE:HXL) from $40.00 to $46.00 in a note issued to investors on Wednesday, American Banking & Market News reports. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target points to a potential upside of 8.13% from the stock’s previous close.
In other Hexcel Corp. news, CFO Wayne Pensky unloaded 15,000 shares of Hexcel Corp. stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $40.06, for a total transaction of $600,900.00. Following the sale, the chief financial officer now directly owns 87,608 shares in the company, valued at approximately $3,509,576. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Hexcel Corp. (NYSE:HXL) opened at 42.54 on Wednesday. Hexcel Corp. has a 52 week low of $23.23 and a 52 week high of $37.88. The stock has a 50-day moving average of $36.25 and a 200-day moving average of $32.99. The company has a market cap of $4.232 billion and a price-to-earnings ratio of 25.78.
Hexcel Corp. (NYSE:HXL) last issued its quarterly earnings data 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.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Hexcel Corp. in a research note to investors on Wednesday. They now have a $54.00 price target on the stock. Separately, analysts at CRT Capital raised their price target on shares of Hexcel Corp. from $42.00 to $47.00 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Hexcel Corp. from $42.00 to $50.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $43.62.
Hexcel Corporation (NYSE:HXL) is a composites company.
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