Hexcel (NYSE:HXL) PT Raised to $59.00

Hexcel (NYSE:HXLGet Rating) had its price objective raised by research analysts at Morgan Stanley from $57.00 to $59.00 in a report released on Friday, MarketBeat.com reports. The brokerage currently has an “underweight” rating on the aerospace company’s stock. Morgan Stanley’s price objective indicates a potential downside of 2.50% from the stock’s current price.

A number of other brokerages also recently issued reports on HXL. Vertical Research upped their price objective on shares of Hexcel to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of Hexcel to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com assumed coverage on shares of Hexcel in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America raised shares of Hexcel from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $65.00 in a research report on Wednesday, May 4th. Finally, Royal Bank of Canada boosted their target price on shares of Hexcel from $55.00 to $60.00 in a research note on Wednesday, April 27th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $57.30.

Hexcel Trading Up 0.5 %

NYSE:HXL opened at $60.51 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.77 and a quick ratio of 1.69. The firm has a 50-day moving average of $54.62 and a 200-day moving average of $55.07. The company has a market cap of $5.09 billion, a PE ratio of 56.55 and a beta of 1.23. Hexcel has a one year low of $46.77 and a one year high of $64.16.

Hexcel (NYSE:HXLGet Rating) last posted its earnings results on Monday, July 25th. The aerospace company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. The company had revenue of $393.00 million during the quarter, compared to the consensus estimate of $391.89 million. Hexcel had a net margin of 6.12% and a return on equity of 4.78%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, equities research analysts expect that Hexcel will post 1.2 EPS for the current fiscal year.

Institutional Trading of Hexcel

A number of institutional investors have recently modified their holdings of HXL. Bank of New Hampshire purchased a new stake in shares of Hexcel during the 1st quarter valued at approximately $33,000. Ellevest Inc. lifted its stake in Hexcel by 128.1% in the 1st quarter. Ellevest Inc. now owns 568 shares of the aerospace company’s stock worth $34,000 after purchasing an additional 319 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in Hexcel in the 1st quarter worth approximately $59,000. Pinebridge Investments L.P. purchased a new stake in Hexcel in the 4th quarter worth approximately $62,000. Finally, Meeder Asset Management Inc. purchased a new stake in Hexcel in the 1st quarter worth approximately $101,000. 97.57% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Company Profile

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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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