Hexcel Co. (NYSE:HXL) Given Average Recommendation of “Hold” by Brokerages

Shares of Hexcel Co. (NYSE:HXLGet Rating) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $58.30.

HXL has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on Hexcel from $57.00 to $66.00 and gave the company a “maintains” rating in a research report on Tuesday. Morgan Stanley upped their price target on Hexcel from $57.00 to $59.00 and gave the company an “underweight” rating in a research report on Friday, July 29th. Bank of America upgraded Hexcel from an “underperform” rating to a “buy” rating and upped their price target for the company from $45.00 to $65.00 in a research report on Wednesday, May 4th. Royal Bank of Canada boosted their price objective on Hexcel from $55.00 to $60.00 in a research note on Wednesday, April 27th. Finally, Vertical Research boosted their price objective on Hexcel to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 27th.

Hedge Funds Weigh In On Hexcel

Large investors have recently made changes to their positions in the company. Bank of New Hampshire acquired a new position in shares of Hexcel during the first quarter valued at $33,000. Ellevest Inc. lifted its stake in shares of Hexcel by 128.1% during the first quarter. Ellevest Inc. now owns 568 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 319 shares during the period. Oliver Lagore Vanvalin Investment Group acquired a new position in Hexcel in the first quarter valued at about $59,000. Pinebridge Investments L.P. acquired a new position in Hexcel in the fourth quarter valued at about $62,000. Finally, First Horizon Advisors Inc. lifted its stake in Hexcel by 6,951.9% in the second quarter. First Horizon Advisors Inc. now owns 1,904 shares of the aerospace company’s stock valued at $99,000 after buying an additional 1,877 shares during the period. Institutional investors and hedge funds own 97.57% of the company’s stock.

Hexcel Stock Performance

HXL opened at $61.30 on Thursday. The stock has a market cap of $5.16 billion, a PE ratio of 57.29 and a beta of 1.26. The company has a current ratio of 2.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.55. Hexcel has a 1 year low of $46.77 and a 1 year high of $64.16. The stock’s 50 day simple moving average is $55.05 and its 200-day simple moving average is $55.18.

Hexcel (NYSE:HXLGet Rating) last released its quarterly earnings data on Monday, July 25th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Hexcel had a return on equity of 4.79% and a net margin of 6.12%. The business had revenue of $393.00 million for the quarter, compared to analysts’ expectations of $391.89 million. During the same period in the previous year, the business posted $0.08 earnings per share. Hexcel’s quarterly revenue was up 22.7% on a year-over-year basis. Sell-side analysts forecast that Hexcel will post 1.2 EPS for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, August 5th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 4th. Hexcel’s dividend payout ratio (DPR) is presently 37.38%.

Hexcel Company Profile

(Get Rating)

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 through 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.

Further Reading

Analyst Recommendations for Hexcel (NYSE:HXL)

Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.