Hexcel (NYSE:HXL) PT Lowered to $86.00 at Stifel Nicolaus

Hexcel (NYSE:HXL) had its target price reduced by analysts at Stifel Nicolaus from $90.00 to $86.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 40.07% from the stock’s current price.

A number of other research firms also recently commented on HXL. Truist Financial upgraded Hexcel from a “hold” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $96.00 in a research report on Wednesday, January 10th. Northcoast Research downgraded Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. The Goldman Sachs Group boosted their price objective on Hexcel from $69.00 to $78.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company boosted their price objective on Hexcel from $78.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price objective on shares of Hexcel in a research note on Wednesday, February 21st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $76.93.

Hexcel Price Performance

Shares of Hexcel stock opened at $61.40 on Wednesday. The company has a quick ratio of 1.68, a current ratio of 2.74 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 49.52, a PEG ratio of 1.28 and a beta of 1.23. Hexcel has a 52 week low of $58.81 and a 52 week high of $79.08. The stock’s 50-day simple moving average is $71.60 and its 200-day simple moving average is $69.54.

Hexcel (NYSE:HXL) last posted its earnings results on Thursday, January 25th. The aerospace company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.06). The firm had revenue of $457.50 million during the quarter, compared to analysts’ expectations of $474.01 million. Hexcel had a return on equity of 9.31% and a net margin of 5.91%. Hexcel’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 earnings per share. As a group, analysts expect that Hexcel will post 2.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares in the company, valued at $243,337.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Hexcel news, insider Gina Fitzsimons sold 864 shares of the company’s stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $72.10, for a total transaction of $62,294.40. Following the completion of the sale, the insider now owns 3,375 shares in the company, valued at $243,337.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thierry Merlot sold 4,500 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $71.63, for a total value of $322,335.00. Following the sale, the insider now owns 50,371 shares of the company’s stock, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. 1.39% of the stock is owned by company insiders.

Institutional Trading of Hexcel

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Hexcel during the 4th quarter valued at $2,362,000. Ceredex Value Advisors LLC lifted its holdings in shares of Hexcel by 16.4% during the 4th quarter. Ceredex Value Advisors LLC now owns 217,202 shares of the aerospace company’s stock valued at $16,019,000 after purchasing an additional 30,652 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in shares of Hexcel by 6.3% during the 3rd quarter. Natixis Advisors L.P. now owns 155,323 shares of the aerospace company’s stock valued at $10,118,000 after purchasing an additional 9,242 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Hexcel in the 3rd quarter valued at $1,283,000. Finally, Public Employees Retirement System of Ohio raised its stake in Hexcel by 73.5% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 66,141 shares of the aerospace company’s stock worth $4,308,000 after acquiring an additional 28,010 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.