Hexcel Corp. Receives “Buy” Rating from Canaccord Genuity (HXL)
Hexcel Corp. (NYSE:HXL)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday, Stock Ratings Network reports.
Shares of Hexcel Corp. (NYSE:HXL) traded down 1.10% during mid-day trading on Monday, hitting $42.33. The stock had a trading volume of 600,565 shares. Hexcel Corp. has a 52-week low of $26.46 and a 52-week high of $46.46. The stock has a 50-day moving average of $44.05 and a 200-day moving average of $40.1. The company has a market cap of $4.215 billion and a price-to-earnings ratio of 24.60.
Hexcel Corp. (NYSE:HXL) last released its earnings data on Friday, January 24th. The company reported $0.46 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.46. The company had revenue of $427.00 million for the quarter, compared to the consensus estimate of $428.52 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts expect that Hexcel Corp. will post $1.85 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Hexcel Corp. from $50.00 to $55.00 in a research note to investors on Tuesday, January 21st. They now have a “buy” rating on the stock. Separately, analysts at Credit Suisse downgraded shares of Hexcel Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 6th. They now have a $49.00 price target on the stock, up previously from $43.00. Finally, 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. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $46.50.
Hexcel Corporation (NYSE:HXL) is a composites company.
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