Brokerages Set Hexcel Co. (NYSE:HXL) Target Price at $77.69

Hexcel Co. (NYSE:HXL) has earned a consensus rating of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $78.38.

A number of equities research analysts have recently commented on HXL shares. KeyCorp cut Steris from an “overweight” rating to a “sector weight” rating in a research report on Tuesday. They noted that the move was a valuation call. BMO Capital Markets restated an “outperform” rating and set a $23.00 target price on shares of Mallinckrodt in a research report on Wednesday, May 22nd. Cowen restated an “outperform” rating and set a $230.00 target price (up from $200.00) on shares of Norfolk Southern in a research report on Wednesday, April 24th. UBS Group cut AGL Energy to a “sell” rating in a research report on Thursday, May 23rd. Finally, ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th.

Shares of NYSE:HXL traded up $0.81 during trading on Friday, reaching $81.36. 450,828 shares of the company’s stock traded hands, compared to its average volume of 573,700. Hexcel has a fifty-two week low of $53.50 and a fifty-two week high of $82.00. The company has a current ratio of 2.24, a quick ratio of 1.28 and a debt-to-equity ratio of 0.85. The stock has a market cap of $6.91 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.33 and a beta of 1.11. The stock has a 50-day simple moving average of $77.59.

Hexcel (NYSE:HXL) last posted its earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.06. Hexcel had a return on equity of 20.63% and a net margin of 12.71%. The firm had revenue of $609.90 million for the quarter, compared to analysts’ expectations of $590.13 million. During the same period last year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, research analysts predict that Hexcel will post 3.46 earnings per share for the current fiscal year.

In related news, insider Timothy Swords sold 20,395 shares of Hexcel stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $70.86, for a total value of $1,445,189.70. Following the sale, the insider now directly owns 16,839 shares in the company, valued at approximately $1,193,211.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brett Raymond Schneider sold 2,210 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $70.30, for a total transaction of $155,363.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,179 shares of company stock worth $2,600,947. 1.40% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HXL. Zions Bancorporation N.A. purchased a new position in Hexcel in the 1st quarter worth approximately $45,000. SevenBridge Financial Group LLC purchased a new stake in shares of Hexcel during the 4th quarter valued at approximately $68,000. Manchester Capital Management LLC purchased a new stake in shares of Hexcel during the 1st quarter valued at approximately $68,000. Cullen Frost Bankers Inc. purchased a new stake in shares of Hexcel during the 1st quarter valued at approximately $90,000. Finally, Quadrant Capital Group LLC raised its position in shares of Hexcel by 319.0% during the 1st quarter. Quadrant Capital Group LLC now owns 1,454 shares of the aerospace company’s stock valued at $97,000 after buying an additional 1,107 shares during the period. 92.71% of the stock is currently owned by institutional investors and hedge funds.

About Hexcel

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 in 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 cars, boats, and trains.

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Analyst Recommendations for Hexcel (NYSE:HXL)

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