Hexcel Corp. (HXL) Given Consensus Rating of “Hold” by Analysts
Hexcel Corp. (NYSE:HXL) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the company. Six investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $49.88.
Several equities analysts recently commented on HXL shares. Zacks Investment Research raised shares of Hexcel Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a report on Tuesday, June 28th. Canaccord Genuity set a $48.00 target price on shares of Hexcel Corp. and gave the company a “hold” rating in a report on Wednesday, July 20th. Jefferies Group reaffirmed a “hold” rating and set a $44.00 target price on shares of Hexcel Corp. in a report on Wednesday, August 10th. Finally, Bank of America Corp. lowered shares of Hexcel Corp. from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Friday, July 29th.
In other news, SVP Robert George Hennemuth sold 2,495 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $45.00, for a total value of $112,275.00. Following the completion of the sale, the senior vice president now directly owns 58,922 shares of the company’s stock, valued at approximately $2,651,490. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director David Charles Hill sold 1,188 shares of the firm’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $44.47, for a total transaction of $52,830.36. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.
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Several large investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its stake in Hexcel Corp. by 198.6% in the first quarter. TIAA CREF Investment Management LLC now owns 674,572 shares of the company’s stock valued at $29,486,000 after buying an additional 448,693 shares in the last quarter. Teachers Advisors Inc. boosted 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 worth $3,992,000 after buying an additional 1,295 shares during the period. BlackRock Inc. boosted its position in shares of Hexcel Corp. by 181.5% in the first quarter. BlackRock Inc. now owns 11,477 shares of the company’s stock worth $502,000 after buying an additional 7,400 shares during the period. BlackRock Group LTD boosted its position in shares of Hexcel Corp. by 17.6% in the first quarter. BlackRock Group LTD now owns 76,376 shares of the company’s stock worth $3,339,000 after buying an additional 11,419 shares during the period. Finally, Credit Agricole S A boosted its position in shares of Hexcel Corp. by 561.7% in the first quarter. Credit Agricole S A now owns 302,200 shares of the company’s stock worth $13,209,000 after buying an additional 256,527 shares during the period. 98.27% of the stock is owned by hedge funds and other institutional investors.
Hexcel Corp. (NYSE:HXL) traded up 1.02% during mid-day trading on Tuesday, hitting $42.47. 684,475 shares of the company’s stock were exchanged. The stock has a market cap of $3.93 billion, a PE ratio of 17.64 and a beta of 0.98. The stock’s 50 day moving average price is $43.89 and its 200-day moving average price is $43.71. Hexcel Corp. has a 12 month low of $37.54 and a 12 month high of $48.33.
Hexcel Corp. (NYSE:HXL) last posted its earnings results on Wednesday, July 20th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.05. Hexcel Corp. had a net margin of 11.87% and a return on equity of 19.06%. The business had revenue of $522.60 million for the quarter, compared to analysts’ expectations of $504.31 million. During the same period in the prior year, the company posted $0.63 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts expect that Hexcel Corp. will post $2.54 EPS for the current fiscal year.
About Hexcel Corp.
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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