Deutsche Bank Aktiengesellschaft Lowers Hexcel (NYSE:HXL) Price Target to $68.00

Hexcel (NYSE:HXL) had its price objective reduced by equities researchers at Deutsche Bank Aktiengesellschaft from $70.00 to $68.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 8.89% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on HXL. Northcoast Research cut shares of Hexcel from a “buy” rating to a “neutral” rating in a report on Wednesday, April 10th. The Goldman Sachs Group boosted their price target on shares of Hexcel from $69.00 to $78.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. UBS Group reduced their price target on shares of Hexcel from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada restated an “outperform” rating and set a $76.00 price target on shares of Hexcel in a research report on Friday, June 14th. Finally, Truist Financial reduced their price target on shares of Hexcel from $96.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus target price of $77.14.

Hexcel Trading Down 1.8 %

Shares of HXL stock opened at $62.45 on Friday. The company’s fifty day simple moving average is $67.23 and its two-hundred day simple moving average is $69.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51. Hexcel has a 1 year low of $58.81 and a 1 year high of $79.08. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 1.20 and a beta of 1.31.

Hexcel (NYSE:HXL) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.44. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. The business had revenue of $472.30 million for the quarter, compared to analysts’ expectations of $468.93 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, analysts anticipate that Hexcel will post 2.21 earnings per share for the current year.

Insiders Place Their Bets

In other Hexcel news, CEO Tom Gentile purchased 15,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was acquired at an average cost of $66.25 per share, with a total value of $993,750.00. Following the completion of the purchase, the chief executive officer now directly owns 15,000 shares of the company’s stock, valued at approximately $993,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Guy C. Hachey acquired 3,000 shares of the stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of $64.53 per share, with a total value of $193,590.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at approximately $193,590. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Tom Gentile acquired 15,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were purchased at an average cost of $66.25 per share, with a total value of $993,750.00. Following the completion of the purchase, the chief executive officer now owns 15,000 shares of the company’s stock, valued at approximately $993,750. The disclosure for this purchase can be found here. Insiders acquired 43,400 shares of company stock valued at $2,820,322 over the last three months. Insiders own 1.39% of the company’s stock.

Hedge Funds Weigh In On Hexcel

Hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Trust Company N.A bought a new position in shares of Hexcel during the fourth quarter valued at about $30,000. Fidelis Capital Partners LLC bought a new position in shares of Hexcel during the first quarter valued at about $36,000. Principal Securities Inc. bought a new position in shares of Hexcel during the fourth quarter valued at about $51,000. GAMMA Investing LLC bought a new position in shares of Hexcel during the fourth quarter valued at about $53,000. Finally, Centerpoint Advisors LLC raised its stake in Hexcel by 44.6% in the first quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after buying an additional 223 shares in the last quarter. 95.47% of the stock is owned by institutional investors.

About Hexcel

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.