Hexcel Corporation (NYSE:HXL) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hexcel Corporation (NYSE:HXL) have been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $94.00.

A number of research firms have weighed in on HXL. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $79.00 price objective on shares of Hexcel in a report on Friday, April 24th. BMO Capital Markets upped their target price on shares of Hexcel from $85.00 to $97.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hexcel in a research report on Friday, July 17th. TD Cowen lifted their price target on shares of Hexcel from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday, July 13th. Finally, Jefferies Financial Group lifted their price target on shares of Hexcel from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Monday, July 6th.

Hexcel Price Performance

Shares of NYSE HXL opened at $109.75 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.37 and a current ratio of 2.45. Hexcel has a fifty-two week low of $58.20 and a fifty-two week high of $111.01. The firm has a market capitalization of $8.28 billion, a PE ratio of 72.21, a price-to-earnings-growth ratio of 1.63 and a beta of 1.05. The stock’s 50-day simple moving average is $95.77 and its 200-day simple moving average is $89.19.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, April 22nd. The aerospace company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.17. The firm had revenue of $501.50 million during the quarter, compared to analysts’ expectations of $488.11 million. Hexcel had a return on equity of 11.08% and a net margin of 6.07%.The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 earnings per share. As a group, equities research analysts forecast that Hexcel will post 2.26 EPS for the current fiscal year.

Institutional Trading of Hexcel

Several institutional investors and hedge funds have recently bought and sold shares of HXL. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of Hexcel in the second quarter valued at about $227,000. Hennion & Walsh Asset Management Inc. lifted its holdings in Hexcel by 8.4% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 7,741 shares of the aerospace company’s stock valued at $775,000 after acquiring an additional 599 shares during the period. GAMMA Investing LLC lifted its stake in shares of Hexcel by 19.1% in the second quarter. GAMMA Investing LLC now owns 3,467 shares of the aerospace company’s stock valued at $347,000 after purchasing an additional 557 shares during the period. Harbor Investment Advisory LLC lifted its position in shares of Hexcel by 325.2% during the 2nd quarter. Harbor Investment Advisory LLC now owns 608 shares of the aerospace company’s stock valued at $61,000 after acquiring an additional 465 shares during the period. Finally, Central Pacific Bank Trust Division boosted its position in Hexcel by 7.1% during the second quarter. Central Pacific Bank Trust Division now owns 1,803 shares of the aerospace company’s stock worth $180,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Hexcel

Hexcel Corporation is a global leader in advanced composite materials for aerospace and industrial applications. The company specializes in the development and manufacture of lightweight, high-performance products that enhance fuel efficiency, durability and structural strength. Its offerings are critical to the aerospace sector, where demand for lighter, more efficient aircraft drives continuous innovation in materials.

Hexcel’s product portfolio encompasses carbon fiber reinforcements, pre-impregnated composites (prepregs), honeycomb core, engineered adhesives and structural film adhesives.