Hexcel (NYSE:HXL) PT Raised to $60.00 at Wells Fargo & Company


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Hexcel (NYSE:HXL) had its target price lifted by stock analysts at Wells Fargo & Company from $49.00 to $60.00 in a note issued to investors on Thursday, The Fly reports. The brokerage currently has an “equal weight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 4.58% from the stock’s previous close.

HXL has been the subject of several other research reports. The Goldman Sachs Group reaffirmed a “sell” rating and set a $43.00 price target on shares of Hexcel in a research report on Thursday, April 1st. Loop Capital upped their price target on shares of Hexcel from $19.00 to $33.00 and gave the stock a “sell” rating in a research report on Thursday, January 28th. Credit Suisse Group upped their price target on shares of Hexcel from $40.00 to $44.00 and gave the stock an “underperform” rating in a research report on Wednesday. Finally, Barclays upgraded shares of Hexcel from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $57.00 to $64.00 in a research note on Monday, March 22nd. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $40.44.

Hexcel stock opened at $57.37 on Thursday. The stock has a 50-day simple moving average of $57.32 and a 200-day simple moving average of $48.48. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.78 and a current ratio of 3.28. The company has a market capitalization of $4.80 billion, a P/E ratio of 39.03, a PEG ratio of 14.52 and a beta of 1.50. Hexcel has a fifty-two week low of $24.54 and a fifty-two week high of $64.84.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Sunday, January 24th. The aerospace company reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. The firm had revenue of $295.80 million during the quarter, compared to the consensus estimate of $300.47 million. Hexcel had a return on equity of 7.52% and a net margin of 7.02%. The firm’s revenue was down 47.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 EPS. As a group, analysts forecast that Hexcel will post 0.24 earnings per share for the current year.

In other news, insider Thierry Merlot sold 10,067 shares of the firm’s stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $49.65, for a total value of $499,826.55. Following the sale, the insider now owns 45,672 shares in the company, valued at $2,267,614.80. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.30% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Hexcel in the fourth quarter valued at about $169,027,000. Boston Partners raised its holdings in Hexcel by 52.3% during the 4th quarter. Boston Partners now owns 2,772,592 shares of the aerospace company’s stock worth $134,443,000 after purchasing an additional 952,516 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Hexcel by 189.3% during the 4th quarter. Alliancebernstein L.P. now owns 2,465,734 shares of the aerospace company’s stock worth $119,563,000 after purchasing an additional 1,613,315 shares during the last quarter. Nordea Investment Management AB raised its holdings in Hexcel by 1,791.4% during the 4th quarter. Nordea Investment Management AB now owns 2,108,298 shares of the aerospace company’s stock worth $102,231,000 after purchasing an additional 1,996,833 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Hexcel by 16.5% during the 4th quarter. Bank of New York Mellon Corp now owns 1,586,419 shares of the aerospace company’s stock worth $76,926,000 after purchasing an additional 224,998 shares during the last quarter. 95.89% of the stock is owned by institutional investors and hedge funds.

Hexcel Company Profile

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 automotive, marine, and trains.

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