Hexcel Corporation (NYSE:HXL)‘s stock had its “buy” rating reissued by analysts at Cowen and Company in a note issued to investors on Wednesday. They currently have a $57.00 target price on the aerospace company’s stock. Cowen and Company’s price objective points to a potential upside of 7.08% from the stock’s previous close.

The analysts wrote, “We continue to favor HXL for its H2+ rebound, attractive valuation & scarcity (11x C18E EV/EBITDA), extended visibility, and improving cash flow profile as capex fades.””

HXL has been the subject of a number of other research reports. BidaskClub cut Hexcel Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded Hexcel Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Monday, June 26th. Vertical Research cut Hexcel Corporation from a “buy” rating to a “hold” rating and lowered their target price for the stock from $58.00 to $54.00 in a report on Wednesday, July 26th. Canaccord Genuity reiterated a “hold” rating and issued a $54.00 target price on shares of Hexcel Corporation in a report on Monday, July 24th. Finally, Aegis reiterated a “buy” rating on shares of Hexcel Corporation in a report on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $56.89.

Shares of Hexcel Corporation (NYSE HXL) traded up 0.06% during trading on Wednesday, hitting $53.26. The company had a trading volume of 150,681 shares. The company has a market capitalization of $4.78 billion, a P/E ratio of 19.51 and a beta of 1.04. Hexcel Corporation has a 52 week low of $41.03 and a 52 week high of $55.91. The stock’s 50-day moving average price is $52.84 and its 200 day moving average price is $52.41.

Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The business had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. During the same quarter in the previous year, the firm earned $0.70 EPS. Hexcel Corporation’s revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts forecast that Hexcel Corporation will post $2.68 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. Alps Advisors Inc. raised its position in Hexcel Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock valued at $471,000 after buying an additional 23 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in Hexcel Corporation by 1.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 4,477 shares of the aerospace company’s stock valued at $244,000 after buying an additional 80 shares during the last quarter. Teacher Retirement System of Texas raised its position in Hexcel Corporation by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock valued at $387,000 after buying an additional 97 shares during the last quarter. Blair William & Co. IL raised its position in Hexcel Corporation by 0.6% in the first quarter. Blair William & Co. IL now owns 16,359 shares of the aerospace company’s stock valued at $896,000 after buying an additional 105 shares during the last quarter. Finally, SFE Investment Counsel raised its position in Hexcel Corporation by 1.4% in the first quarter. SFE Investment Counsel now owns 8,465 shares of the aerospace company’s stock valued at $462,000 after buying an additional 120 shares during the last quarter.

Hexcel Corporation Company Profile

Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.

Analyst Recommendations for Hexcel Corporation (NYSE:HXL)

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