Hexcel (NYSE:HXL) Price Target Raised to $67.00 at BMO Capital Markets

Hexcel (NYSE:HXL) had its price objective raised by BMO Capital Markets from $52.00 to $67.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a market perform rating on the aerospace company’s stock.

Several other research firms have also recently weighed in on HXL. UBS Group boosted their price objective on Hexcel from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Monday. Royal Bank Of Canada reissued an “outperform” rating and issued a $70.00 price objective (up previously from $65.00) on shares of Hexcel in a research report on Monday. Wells Fargo & Company cut their price objective on Hexcel from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Wall Street Zen cut Hexcel from a “buy” rating to a “hold” rating in a research report on Sunday, April 27th. Finally, Barclays dropped their price target on Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hexcel currently has an average rating of “Hold” and an average price target of $63.33.

Hexcel Stock Down 0.7%

HXL stock opened at $61.39 on Tuesday. The stock’s fifty day simple moving average is $56.69 and its two-hundred day simple moving average is $57.55. The company has a current ratio of 2.69, a quick ratio of 1.50 and a debt-to-equity ratio of 0.53. Hexcel has a 1-year low of $45.28 and a 1-year high of $71.05. The stock has a market cap of $4.88 billion, a P/E ratio of 56.84, a P/E/G ratio of 2.09 and a beta of 1.28.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Thursday, July 24th. The aerospace company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. Hexcel had a return on equity of 9.76% and a net margin of 4.69%. The business had revenue of $489.90 million for the quarter, compared to analysts’ expectations of $482.20 million. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. Analysts expect that Hexcel will post 2.14 EPS for the current year.

Hexcel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 8th will be issued a dividend of $0.17 per share. The ex-dividend date is Friday, August 8th. This represents a $0.68 dividend on an annualized basis and a yield of 1.11%. Hexcel’s dividend payout ratio (DPR) is 62.96%.

Institutional Trading of Hexcel

Institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. increased its stake in Hexcel by 10.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,205 shares of the aerospace company’s stock worth $285,000 after acquiring an additional 492 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Hexcel by 0.5% during the 1st quarter. Principal Financial Group Inc. now owns 186,680 shares of the aerospace company’s stock valued at $10,223,000 after purchasing an additional 937 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Hexcel by 95.3% during the 1st quarter. GAMMA Investing LLC now owns 2,306 shares of the aerospace company’s stock valued at $126,000 after purchasing an additional 1,125 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Hexcel during the 1st quarter valued at about $281,000. Finally, Farther Finance Advisors LLC increased its position in shares of Hexcel by 71.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,200 shares of the aerospace company’s stock valued at $66,000 after purchasing an additional 499 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Hexcel

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.