Brokerages Set Hexcel Co. (NYSE:HXL) Price Target at $70.58

Shares of Hexcel Co. (NYSE:HXL) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $70.58.

Several equities research analysts have recently issued reports on HXL shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Truist Financial dropped their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. UBS Group increased their price objective on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their target price on Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd.

Institutional Trading of Hexcel

A number of institutional investors have recently modified their holdings of the stock. True Wealth Design LLC bought a new position in shares of Hexcel in the third quarter worth about $30,000. Capital Performance Advisors LLP acquired a new position in shares of Hexcel during the third quarter worth $56,000. First Horizon Advisors Inc. grew its stake in shares of Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 326 shares during the last quarter. Huntington National Bank boosted its holdings in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 225 shares during the last quarter. Finally, Eastern Bank bought a new position in Hexcel during the third quarter worth $62,000. 95.47% of the stock is currently owned by institutional investors.

Hexcel Price Performance

Shares of NYSE:HXL opened at $63.91 on Friday. The firm has a market cap of $5.18 billion, a price-to-earnings ratio of 48.79, a P/E/G ratio of 1.98 and a beta of 1.30. The business has a fifty day simple moving average of $61.20 and a 200 day simple moving average of $63.14. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm’s revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, sell-side analysts predict that Hexcel will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio is currently 45.80%.

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.