Hexcel (NYSE:HXL) Given New $60.00 Price Target at Deutsche Bank Aktiengesellschaft

Hexcel (NYSE:HXL) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $63.00 to $60.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the aerospace company’s stock.

A number of other brokerages have also recently commented on HXL. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a report on Thursday, October 10th. UBS Group increased their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. BMO Capital Markets lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. Finally, StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hexcel presently has an average rating of “Hold” and a consensus target price of $71.31.

Hexcel Price Performance

Hexcel stock opened at $61.19 on Thursday. The stock has a market capitalization of $4.96 billion, a P/E ratio of 46.71, a P/E/G ratio of 1.76 and a beta of 1.30. The company’s fifty day moving average price is $60.97 and its 200 day moving average price is $63.54. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same quarter last year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Hexcel will post 2.02 earnings per share for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a $0.15 dividend. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 0.98%. Hexcel’s payout ratio is 45.80%.

Institutional Trading of Hexcel

A number of hedge funds and other institutional investors have recently modified their holdings of HXL. Vanguard Group Inc. increased its holdings in Hexcel by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company’s stock valued at $576,556,000 after purchasing an additional 67,425 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Hexcel by 2.9% in the second quarter. Earnest Partners LLC now owns 4,835,994 shares of the aerospace company’s stock valued at $302,008,000 after buying an additional 136,290 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after buying an additional 1,246,765 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in Hexcel by 36.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock worth $98,966,000 after acquiring an additional 425,402 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Hexcel by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,406,287 shares of the aerospace company’s stock valued at $87,829,000 after acquiring an additional 103,679 shares during the period. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Company Profile

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.