Hexcel Corporation (NYSE:HXL)‘s stock had its “buy” rating reissued by investment analysts at Cowen and Company in a research note issued on Monday, July 24th. They currently have a $57.00 price objective on the aerospace company’s stock. Cowen and Company’s price objective would suggest a potential upside of 8.51% from the company’s current price.
The analysts wrote, “Investors are apt to react negatively to HXL’s Q2 miss, eroding A350 content, and.””
A number of other analysts also recently commented on HXL. Zacks Investment Research downgraded shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, March 29th. Aegis restated a “buy” rating on shares of Hexcel Corporation in a research report on Wednesday, May 31st. BidaskClub upgraded shares of Hexcel Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 price objective on shares of Hexcel Corporation in a research report on Friday, July 7th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $54.00 price objective on shares of Hexcel Corporation in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.89.
Hexcel Corporation (NYSE HXL) traded down 0.64% on Monday, reaching $52.53. The company’s stock had a trading volume of 424,798 shares. Hexcel Corporation has a one year low of $41.03 and a one year high of $55.91. The company has a market capitalization of $4.72 billion, a PE ratio of 19.24 and a beta of 1.04. The firm has a 50-day moving average of $53.04 and a 200-day moving average of $52.49.
Hexcel Corporation (NYSE:HXL) last issued its earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The firm had revenue of $491.30 million during the quarter, compared to analysts’ expectations of $518.29 million. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.70 EPS. Analysts predict that Hexcel Corporation will post $2.68 EPS for the current year.
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Several hedge funds have recently added to or reduced their stakes in the company. RMB Capital Management LLC boosted its stake in Hexcel Corporation by 17.8% in the first quarter. RMB Capital Management LLC now owns 26,500 shares of the aerospace company’s stock worth $1,446,000 after buying an additional 4,000 shares during the period. Schroder Investment Management Group boosted its position in Hexcel Corporation by 39.7% in the first quarter. Schroder Investment Management Group now owns 1,791,793 shares of the aerospace company’s stock valued at $97,546,000 after buying an additional 509,076 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in Hexcel Corporation during the first quarter valued at approximately $660,000. Morgan Stanley boosted its position in Hexcel Corporation by 236.2% in the first quarter. Morgan Stanley now owns 425,645 shares of the aerospace company’s stock valued at $23,219,000 after buying an additional 299,028 shares during the last quarter. Finally, Credit Suisse AG boosted its position in Hexcel Corporation by 8.7% in the first quarter. Credit Suisse AG now owns 265,947 shares of the aerospace company’s stock valued at $14,507,000 after buying an additional 21,179 shares during the last quarter.
Hexcel Corporation Company Profile
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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