BMO Capital Markets Boosts Hexcel (HXL) Price Target to $84.00

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Hexcel (NYSE:HXL) had its price objective increased by BMO Capital Markets to $84.00 in a research report report published on Wednesday morning, The Fly reports. BMO Capital Markets currently has an outperform rating on the aerospace company’s stock.

Several other equities analysts have also recently weighed in on HXL. Cowen reissued a buy rating and set a $75.00 price target on shares of Hexcel in a report on Wednesday, April 24th. ValuEngine raised Hexcel from a hold rating to a buy rating in a report on Wednesday, January 30th. Zacks Investment Research raised Hexcel from a hold rating to a buy rating and set a $79.00 price target on the stock in a report on Friday, February 15th. Loop Capital cut Hexcel from a buy rating to a hold rating and set a $71.57 price target on the stock. in a report on Wednesday, March 6th. Finally, Bank of America reissued a buy rating and set a $90.00 price target (up from $80.00) on shares of Hexcel in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. Hexcel presently has a consensus rating of Hold and an average target price of $77.06.

Shares of HXL opened at $74.13 on Wednesday. The company has a current ratio of 2.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.85. Hexcel has a 12 month low of $53.50 and a 12 month high of $75.00. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18.

Hexcel (NYSE:HXL) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.78 by $0.06. Hexcel had a return on equity of 20.63% and a net margin of 12.71%. The business had revenue of $609.90 million for the quarter, compared to the consensus estimate of $590.13 million. During the same period last year, the business posted $0.68 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts expect that Hexcel will post 3.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, May 3rd were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 0.81%. Hexcel’s dividend payout ratio is currently 19.67%.

In related news, insider Thierry Merlot sold 3,516 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $72.55, for a total value of $255,085.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brett Raymond Schneider sold 2,210 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $70.30, for a total value of $155,363.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,698 shares of company stock worth $2,469,248. 1.40% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in HXL. JPMorgan Chase & Co. increased its stake in Hexcel by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 543,566 shares of the aerospace company’s stock worth $36,446,000 after buying an additional 55,730 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in Hexcel in the 4th quarter worth $973,000. CWM LLC increased its stake in Hexcel by 139.6% in the 4th quarter. CWM LLC now owns 520 shares of the aerospace company’s stock worth $30,000 after buying an additional 303 shares in the last quarter. Cascade Investment Advisors Inc. purchased a new stake in Hexcel in the 4th quarter worth $29,000. Finally, Quantamental Technologies LLC purchased a new stake in Hexcel in the 4th quarter worth $155,000. 94.30% of the stock is currently owned by institutional investors.

About Hexcel

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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Analyst Recommendations for Hexcel (NYSE:HXL)

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