Equities researchers at Stephens assumed coverage on shares of Hexcel (NYSE:HXL) in a note issued to investors on Wednesday, The Fly reports. The firm set an “overweight” rating on the aerospace company’s stock.

Several other brokerages have also issued reports on HXL. Canaccord Genuity reissued a “hold” rating and issued a $54.00 price target on shares of Hexcel in a report on Friday, September 29th. Loop Capital assumed coverage on shares of Hexcel in a report on Thursday, September 28th. They issued a “hold” rating and a $61.00 price target for the company. KeyCorp reaffirmed a “buy” rating and issued a $60.00 target price on shares of Hexcel in a research note on Friday, September 1st. Jefferies Group reaffirmed a “hold” rating and issued a $50.00 target price on shares of Hexcel in a research note on Friday, September 29th. Finally, Zacks Investment Research lowered shares of Hexcel from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Hexcel presently has a consensus rating of “Hold” and a consensus target price of $60.13.

Hexcel (NYSE:HXL) opened at $59.78 on Wednesday. Hexcel has a fifty-two week low of $49.20 and a fifty-two week high of $63.93. The stock has a market cap of $5,450.61, a price-to-earnings ratio of 23.16, a PEG ratio of 2.87 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.74 and a quick ratio of 1.53.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.02. Hexcel had a net margin of 13.13% and a return on equity of 18.40%. The company had revenue of $491.50 million during the quarter, compared to analyst estimates of $507.77 million. During the same quarter in the previous year, the business earned $0.65 EPS. The firm’s revenue was down 1.8% on a year-over-year basis. sell-side analysts expect that Hexcel will post 2.67 earnings per share for the current fiscal year.

In other Hexcel news, SVP Kimberly A. Hendricks sold 2,608 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $63.35, for a total transaction of $165,216.80. Following the sale, the senior vice president now directly owns 22,221 shares of the company’s stock, valued at approximately $1,407,700.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thierry Merlot sold 3,748 shares of the business’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $61.19, for a total transaction of $229,340.12. Following the sale, the insider now directly owns 13,691 shares in the company, valued at $837,752.29. The disclosure for this sale can be found here. Insiders have sold a total of 13,304 shares of company stock worth $823,040 over the last three months. Insiders own 2.10% of the company’s stock.

A number of large investors have recently modified their holdings of HXL. Fieldpoint Private Securities LLC bought a new stake in shares of Hexcel in the 3rd quarter valued at about $142,000. The Manufacturers Life Insurance Company raised its holdings in shares of Hexcel by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after purchasing an additional 200 shares during the period. Tocqueville Asset Management L.P. bought a new stake in shares of Hexcel in the 3rd quarter valued at about $207,000. Nomura Holdings Inc. bought a new stake in shares of Hexcel in the 2nd quarter valued at about $202,000. Finally, World Asset Management Inc bought a new stake in shares of Hexcel in the 3rd quarter valued at about $222,000. 96.67% of the stock is currently owned by hedge funds and other institutional investors.

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Hexcel 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.

The Fly

Analyst Recommendations for Hexcel (NYSE:HXL)

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