Hexcel Corp. Rating Lowered to Neutral at Credit Suisse (HXL)
Hexcel Corp. (NYSE:HXL) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report released on Monday, TheFlyOnTheWall.com reports. They currently have a $49.00 target price on the stock, up from their previous target price of $43.00. Credit Suisse’s price objective would indicate a potential upside of 12.59% from the company’s current price.
In other Hexcel Corp. news, Director Lynn Brubaker sold 2,790 shares of Hexcel Corp. stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $44.37, for a total value of $123,792.30. Following the sale, the director now directly owns 6,643 shares in the company, valued at approximately $294,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Hexcel Corp. (NYSE:HXL) traded down 2.18% on Monday, hitting $43.52. The stock had a trading volume of 1,285,913 shares. Hexcel Corp. has a 1-year low of $26.20 and a 1-year high of $44.93. The stock’s 50-day moving average is $43.33 and its 200-day moving average is $39.03. The company has a market cap of $4.333 billion and a P/E ratio of 25.57.
Hexcel Corp. (NYSE:HXL) last announced its earnings results on Tuesday, October 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Hexcel Corp. will post $1.85 earnings per share for the current fiscal year.
A number of other firms have also recently commented on HXL. Analysts at RBC Capital reiterated a “buy” rating on shares of Hexcel Corp. in a research note to investors on Tuesday, November 26th. They now have a $47.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Hexcel Corp. from $46.00 to $50.00 in a research note to investors on Tuesday, November 26th. They now have a “buy” rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of Hexcel Corp. from $46.00 to $49.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $45.42.
Hexcel Corporation (NYSE:HXL) is a composites company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.