Hexcel Corporation (NYSE:HXL)‘s stock had its “buy” rating restated by equities researchers at KeyCorp in a research report issued to clients and investors on Thursday. They currently have a $65.00 price objective on the aerospace company’s stock. KeyCorp’s price target points to a potential upside of 8.14% from the stock’s current price.

A number of other research firms have also recently commented on HXL. Zacks Investment Research cut shares of Hexcel Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Canaccord Genuity reaffirmed a “hold” rating and issued a $54.00 target price on shares of Hexcel Corporation in a research report on Friday, September 29th. Loop Capital started coverage on shares of Hexcel Corporation in a research report on Thursday, September 28th. They issued a “hold” rating and a $61.00 target price on the stock. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 target price on shares of Hexcel Corporation in a research report on Friday, September 29th. Finally, Vertical Research cut shares of Hexcel Corporation from a “buy” rating to a “hold” rating and decreased their target price for the company from $58.00 to $54.00 in a research report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Hexcel Corporation presently has a consensus rating of “Hold” and an average target price of $58.00.

Hexcel Corporation (NYSE HXL) traded up 1.37% during midday trading on Thursday, hitting $60.11. 448,697 shares of the stock traded hands. Hexcel Corporation has a 52-week low of $41.03 and a 52-week high of $60.13. The stock has a 50-day moving average of $55.82 and a 200 day moving average of $53.20. The firm has a market cap of $5.40 billion, a PE ratio of 22.02 and a beta of 1.04.

Hexcel Corporation (NYSE:HXL) last announced 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 firm had revenue of $491.30 million during the quarter, compared to analysts’ expectations of $518.29 million. During the same period in the prior year, the company posted $0.70 EPS. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Equities analysts forecast that Hexcel Corporation will post $2.68 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Hexcel Corporation by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 200 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Hexcel Corporation during the second quarter worth about $202,000. Pacad Investment Ltd. acquired a new stake in shares of Hexcel Corporation during the second quarter worth about $206,000. AHL Partners LLP acquired a new stake in shares of Hexcel Corporation during the second quarter worth about $207,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Hexcel Corporation during the first quarter worth about $219,000. 96.78% of the stock is currently owned by institutional investors and hedge funds.

About Hexcel Corporation

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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