Jefferies Group LLC Reiterates “Hold” Rating for Hexcel Corporation (HXL)
Hexcel Corporation (NYSE:HXL)‘s stock had its “hold” rating restated by analysts at Jefferies Group LLC in a report released on Friday. They currently have a $50.00 price objective on the aerospace company’s stock. Jefferies Group LLC’s price objective would suggest a potential downside of 12.92% from the stock’s current price.
Other analysts have also issued reports about the stock. Loop Capital started coverage on shares of Hexcel Corporation in a report on Thursday. They issued a “hold” rating and a $61.00 price objective for the company. Cowen and Company reaffirmed a “buy” rating and set a $57.00 target price on shares of Hexcel Corporation in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. BidaskClub raised shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a research note on Sunday, July 16th. Finally, Vertical Research downgraded shares of Hexcel Corporation from a “buy” rating to a “hold” rating and decreased their target price for the company from $58.00 to $54.00 in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.55.
Shares of Hexcel Corporation (NYSE:HXL) opened at 57.42 on Friday. Hexcel Corporation has a 12 month low of $41.03 and a 12 month high of $58.24. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 21.03 and a beta of 1.04. The company has a 50-day moving average price of $53.30 and a 200-day moving average price of $52.67.
Hexcel Corporation (NYSE:HXL) last issued its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.02). Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The company had revenue of $491.30 million during the quarter, compared to analysts’ expectations of $518.29 million. During the same quarter last year, the business earned $0.70 earnings per share. The business’s quarterly revenue was down 6.0% on a year-over-year basis. On average, equities analysts anticipate that Hexcel Corporation will post $2.68 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in HXL. The Manufacturers Life Insurance Company increased its position in shares of Hexcel Corporation by 6.9% during the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after acquiring an additional 200 shares in the last quarter. Nomura Holdings Inc. bought a new stake in shares of Hexcel Corporation during the second quarter valued at approximately $202,000. Pacad Investment Ltd. bought a new stake in shares of Hexcel Corporation during the second quarter valued at approximately $206,000. AHL Partners LLP bought a new stake in shares of Hexcel Corporation during the second quarter valued at approximately $207,000. Finally, HighTower Advisors LLC bought a new stake in shares of Hexcel Corporation during the first quarter valued at approximately $219,000. 96.78% of the stock is owned by institutional investors.
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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