Hexcel Corporation’s (HXL) Buy Rating Reiterated at Cowen and Company
“We continue to favor HXL for its H2+ rebound, attractive valuation & scarcity (11x C18E EV/EBITDA), extended visibility, and improving cash flow profile as capex fades.”,” Cowen and Company’s analyst wrote.
Several other research analysts have also recently weighed in on HXL. Zacks Investment Research upgraded shares of Hexcel Corporation from a sell rating to a hold rating in a research note on Thursday, May 18th. Aegis reiterated a buy rating on shares of Hexcel Corporation in a research note on Wednesday, May 31st. BidaskClub upgraded shares of Hexcel Corporation from a strong sell rating to a sell rating in a research note on Thursday, July 6th. Jefferies Group LLC reiterated a hold rating and set a $52.00 price target on shares of Hexcel Corporation in a research note on Friday, July 7th. Finally, Canaccord Genuity reiterated a hold rating and set a $54.00 price target on shares of Hexcel Corporation in a research note on Monday, July 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $56.89.
Shares of Hexcel Corporation (NYSE HXL) traded down 0.64% on Wednesday, hitting $52.53. The stock had a trading volume of 424,798 shares. The firm has a 50 day moving average of $53.04 and a 200-day moving average of $52.49. 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 $4.72 billion, a price-to-earnings ratio of 19.24 and a beta of 1.04.
Hexcel Corporation (NYSE:HXL) last issued its quarterly earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by $0.02. The business had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The company’s revenue was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 EPS. Equities analysts predict that Hexcel Corporation will post $2.68 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, August 3rd were paid a dividend of $0.125 per share. This is a boost from Hexcel Corporation’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, August 1st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.95%. Hexcel Corporation’s payout ratio is 18.32%.
A number of hedge funds have recently made changes to their positions in HXL. Toronto Dominion Bank boosted its stake in shares of Hexcel Corporation by 50.7% in the first quarter. Toronto Dominion Bank now owns 2,305 shares of the aerospace company’s stock valued at $126,000 after buying an additional 775 shares during the last quarter. Pacad Investment Ltd. bought a new stake in shares of Hexcel Corporation during the second quarter valued at approximately $206,000. HighTower Advisors LLC bought a new stake in shares of Hexcel Corporation during the first quarter valued at approximately $219,000. World Asset Management Inc bought a new stake in shares of Hexcel Corporation during the first quarter valued at approximately $224,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in shares of Hexcel Corporation during the first quarter valued at approximately $229,000.
Hexcel Corporation Company Profile
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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