Hexcel Co. (NYSE:HXL) Receives Consensus Rating of “Hold” from Analysts

Hexcel Co. (NYSE:HXLGet Rating) has earned an average rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $56.30.

HXL has been the subject of a number of research reports. StockNews.com initiated coverage on Hexcel in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Zacks Investment Research lowered Hexcel from a “hold” rating to a “sell” rating and set a $57.00 price objective for the company. in a research report on Tuesday, January 4th. Wolfe Research initiated coverage on Hexcel in a research report on Thursday, February 17th. They issued an “underperform” rating and a $50.00 price objective for the company. Morgan Stanley lifted their price objective on Hexcel from $55.00 to $57.00 and gave the stock an “underweight” rating in a research report on Friday, January 28th. Finally, Truist Financial upgraded Hexcel from a “hold” rating to a “buy” rating and boosted their target price for the stock from $54.00 to $68.00 in a research report on Friday, January 7th.

Hexcel stock opened at $55.23 on Tuesday. The firm has a 50-day simple moving average of $56.32. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.49 and a quick ratio of 1.50. Hexcel has a 12-month low of $46.77 and a 12-month high of $64.99. The company has a market capitalization of $4.64 billion, a PE ratio of 290.70 and a beta of 1.27.

Hexcel (NYSE:HXLGet Rating) last announced its quarterly earnings data on Monday, April 25th. The aerospace company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.04. The firm had revenue of $390.60 million during the quarter, compared to analyst estimates of $372.46 million. Hexcel had a return on equity of 1.55% and a net margin of 1.22%. The company’s revenue was up 25.9% on a year-over-year basis. During the same period last year, the company earned ($0.10) earnings per share. Equities analysts predict that Hexcel will post 1.16 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 6th. Investors of record on Friday, May 13th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.72%. Hexcel’s dividend payout ratio is presently 210.54%.

Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its position in shares of Hexcel by 2.5% in the 4th quarter. BlackRock Inc. now owns 7,944,920 shares of the aerospace company’s stock valued at $411,549,000 after purchasing an additional 195,492 shares during the period. Alliancebernstein L.P. grew its position in shares of Hexcel by 23.8% in the 4th quarter. Alliancebernstein L.P. now owns 5,778,628 shares of the aerospace company’s stock valued at $299,333,000 after purchasing an additional 1,111,217 shares during the period. Boston Partners lifted its stake in Hexcel by 2.3% in the 3rd quarter. Boston Partners now owns 3,230,553 shares of the aerospace company’s stock valued at $191,887,000 after acquiring an additional 72,400 shares in the last quarter. Eaton Vance Management lifted its stake in Hexcel by 8.2% in the 4th quarter. Eaton Vance Management now owns 2,373,016 shares of the aerospace company’s stock valued at $122,775,000 after acquiring an additional 180,375 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Hexcel by 43.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,048,743 shares of the aerospace company’s stock valued at $106,124,000 after acquiring an additional 622,263 shares in the last quarter.

About Hexcel (Get Rating)

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 through 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 automotive, marine, and trains.

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Analyst Recommendations for Hexcel (NYSE:HXL)

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