Hexcel (NYSE:HXL) Price Target Raised to $67.00 at BMO Capital Markets

Hexcel (NYSE:HXL) had its price objective hoisted by analysts at BMO Capital Markets from $52.00 to $67.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “market perform” rating on the aerospace company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 9.78% from the company’s previous close.

Other equities research analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a report on Monday. Morgan Stanley upped their price objective on shares of Hexcel from $50.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, July 17th. Wall Street Zen downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Sunday, April 27th. Truist Financial reduced their price objective on shares of Hexcel from $73.00 to $67.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company reduced their price objective on shares of Hexcel from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $63.33.

Hexcel Stock Performance

Shares of HXL opened at $61.03 on Tuesday. Hexcel has a 1 year low of $45.28 and a 1 year high of $71.05. The company has a market cap of $4.86 billion, a price-to-earnings ratio of 56.51, a price-to-earnings-growth ratio of 2.08 and a beta of 1.28. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.50 and a current ratio of 2.69. The firm has a fifty day moving average of $56.88 and a 200-day moving average of $57.57.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Thursday, July 24th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.04. Hexcel had a net margin of 4.69% and a return on equity of 9.76%. The company had revenue of $489.90 million during the quarter, compared to the consensus estimate of $482.20 million. During the same quarter in the previous year, the company posted $0.60 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities analysts anticipate that Hexcel will post 2.14 earnings per share for the current year.

Institutional Trading of Hexcel

Several institutional investors and hedge funds have recently bought and sold shares of HXL. Sumitomo Mitsui Trust Group Inc. grew its stake in Hexcel by 10.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company’s stock valued at $285,000 after acquiring an additional 492 shares in the last quarter. Principal Financial Group Inc. grew its stake in Hexcel by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company’s stock valued at $10,223,000 after acquiring an additional 937 shares in the last quarter. GAMMA Investing LLC grew its stake in Hexcel by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock valued at $126,000 after acquiring an additional 1,125 shares in the last quarter. SG Americas Securities LLC purchased a new position in Hexcel during the 1st quarter valued at about $281,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Hexcel by 71.2% in the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock valued at $66,000 after buying an additional 499 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.