Hexcel Corporation (NYSE:HXL) Lifted to “Hold” at BidaskClub
Hexcel Corporation (NYSE:HXL) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.
Several other analysts have also recently issued reports on HXL. Zacks Investment Research cut Hexcel Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, March 29th. Cowen and Company reissued a “buy” rating and issued a $57.00 target price on shares of Hexcel Corporation in a research note on Wednesday, April 19th. Aegis reissued a “buy” rating on shares of Hexcel Corporation in a research note on Wednesday, May 31st. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $52.00 target price on shares of Hexcel Corporation in a research note on Friday, July 7th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $55.30.
Shares of Hexcel Corporation (HXL) traded up 0.30% on Friday, hitting $54.36. The stock had a trading volume of 345,582 shares. The firm has a 50 day moving average of $51.20 and a 200-day moving average of $52.11. Hexcel Corporation has a 1-year low of $41.03 and a 1-year high of $55.91. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of 19.69 and a beta of 1.04.
Hexcel Corporation (NYSE:HXL) last posted its earnings results on Wednesday, April 19th. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.03. The business had revenue of $478.80 million during the quarter, compared to the consensus estimate of $522.29 million. Hexcel Corporation had a return on equity of 19.45% and a net margin of 13.02%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. Equities analysts predict that Hexcel Corporation will post $2.69 earnings per share for the current year.
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A number of hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. bought a new stake in shares of Hexcel Corporation during the fourth quarter valued at approximately $1,391,000. Comerica Bank raised its stake in shares of Hexcel Corporation by 39.5% in the fourth quarter. Comerica Bank now owns 9,731 shares of the aerospace company’s stock valued at $497,000 after buying an additional 2,753 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hexcel Corporation by 9.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 733,523 shares of the aerospace company’s stock valued at $37,734,000 after buying an additional 63,772 shares during the period. Norges Bank bought a new stake in shares of Hexcel Corporation during the fourth quarter valued at approximately $31,627,000. Finally, RMB Capital Management LLC bought a new stake in shares of Hexcel Corporation during the fourth quarter valued at approximately $1,157,000. Institutional investors and hedge funds own 99.90% of the company’s stock.
About Hexcel Corporation
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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