Hexcel Corp. (HXL) Upgraded by Zacks Investment Research to Hold
Hexcel Corp. (NYSE:HXL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets. “
A number of other analysts have also commented on the stock. Goldman Sachs Group Inc. reduced their price objective on shares of Hexcel Corp. from $47.00 to $46.00 and set a “neutral” rating for the company in a research note on Tuesday, April 12th. Deutsche Bank AG reaffirmed a “buy” rating and set a $53.00 price objective on shares of Hexcel Corp. in a research note on Sunday, April 10th. Finally, Canaccord Genuity set a $48.00 target price on Hexcel Corp. and gave the company a “hold” rating in a report on Wednesday, July 20th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.70.
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Shares of Hexcel Corp. (NYSE:HXL) traded up 0.14% during trading on Monday, reaching $42.20. 438,248 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $43.98 and its 200 day moving average price is $43.73. Hexcel Corp. has a 52 week low of $37.54 and a 52 week high of $48.33. The firm has a market capitalization of $3.90 billion, a PE ratio of 17.53 and a beta of 0.98.
Hexcel Corp. (NYSE:HXL) last posted its quarterly earnings data on Wednesday, July 20th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.05. Hexcel Corp. had a net margin of 11.87% and a return on equity of 19.06%. The company earned $522.60 million during the quarter, compared to analyst estimates of $504.31 million. During the same period in the prior year, the firm earned $0.63 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts predict that Hexcel Corp. will post $2.54 EPS for the current fiscal year.
In other Hexcel Corp. news, SVP Robert George Hennemuth sold 2,495 shares of the stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of $45.00, for a total transaction of $112,275.00. Following the transaction, the senior vice president now owns 58,922 shares in the company, valued at $2,651,490. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thierry Merlot sold 8,600 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of $45.01, for a total value of $387,086.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $1,188,849.13. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in HXL. Teachers Advisors Inc. increased its position in shares of Hexcel Corp. by 1.4% in the first quarter. Teachers Advisors Inc. now owns 91,327 shares of the company’s stock valued at $3,992,000 after buying an additional 1,295 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Hexcel Corp. by 2.5% in the first quarter. Envestnet Asset Management Inc. now owns 30,559 shares of the company’s stock valued at $1,336,000 after buying an additional 743 shares during the period. Trillium Asset Management LLC increased its position in shares of Hexcel Corp. by 4.5% in the second quarter. Trillium Asset Management LLC now owns 251,593 shares of the company’s stock valued at $10,476,000 after buying an additional 10,761 shares during the period. Mandatum Life Insurance Co Ltd bought a new position in shares of Hexcel Corp. during the fourth quarter valued at approximately $2,799,000. Finally, Rhumbline Advisers increased its position in shares of Hexcel Corp. by 0.7% in the fourth quarter. Rhumbline Advisers now owns 94,887 shares of the company’s stock valued at $4,408,000 after buying an additional 640 shares during the period. Institutional investors own 98.27% of the company’s stock.
Hexcel Corp. Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets.
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