Hexcel (HXL) PT Set at $64.00 by Loop Capital
Hexcel (NYSE:HXL) received a $64.00 price target from equities researchers at Loop Capital in a report released on Thursday. The firm currently has a “hold” rating on the aerospace company’s stock. Loop Capital’s price target indicates a potential upside of 4.85% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. Stephens started coverage on shares of Hexcel in a report on Wednesday, December 6th. They set an “overweight” rating and a $74.00 price objective on the stock. Canaccord Genuity reissued a “hold” rating and set a $54.00 price objective on shares of Hexcel in a report on Friday, September 29th. KeyCorp reissued a “buy” rating and set a $60.00 price objective on shares of Hexcel in a report on Friday, September 1st. Jefferies Group reissued a “hold” rating and set a $50.00 price objective on shares of Hexcel in a report on Friday, September 29th. Finally, Zacks Investment Research downgraded shares of Hexcel from a “hold” rating to a “sell” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. Hexcel has a consensus rating of “Hold” and a consensus target price of $62.20.
Hexcel (HXL) traded down $0.16 during midday trading on Thursday, reaching $61.04. 548,658 shares of the company’s stock traded hands, compared to its average volume of 585,770. The company has a quick ratio of 1.53, a current ratio of 2.74 and a debt-to-equity ratio of 0.58. Hexcel has a fifty-two week low of $49.20 and a fifty-two week high of $63.93. The stock has a market capitalization of $5,477.56, a price-to-earnings ratio of 23.27, a P/E/G ratio of 2.88 and a beta of 1.10.
Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. During the same period in the previous year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. analysts forecast that Hexcel will post 2.67 EPS for the current year.
In other Hexcel news, insider Timothy Swords sold 13,493 shares of the company’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $60.27, for a total value of $813,223.11. Following the completion of the transaction, the insider now owns 20,202 shares in the company, valued at $1,217,574.54. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Nick L. Stanage sold 7,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.01, for a total transaction of $434,070.00. Following the transaction, the chief executive officer now owns 161,463 shares of the company’s stock, valued at approximately $10,012,320.63. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,797 shares of company stock valued at $2,070,333. Insiders own 2.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HXL. Fieldpoint Private Securities LLC acquired a new position in shares of Hexcel during the 3rd quarter worth about $142,000. The Manufacturers Life Insurance Company grew its stake in Hexcel by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after acquiring an additional 200 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Hexcel during the 2nd quarter valued at about $202,000. Pacad Investment Ltd. purchased a new stake in Hexcel during the 2nd quarter valued at about $206,000. Finally, AHL Partners LLP purchased a new stake in Hexcel during the 2nd quarter valued at about $207,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.
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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.
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