Hexcel (NYSE:HXL) Price Target Increased to $69.00 by Analysts at UBS Group

Hexcel (NYSE:HXL) had its price objective hoisted by equities researchers at UBS Group from $67.00 to $69.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the aerospace company’s stock. UBS Group’s price objective indicates a potential upside of 10.35% from the company’s previous close.

A number of other research analysts have also recently commented on the company. Stifel Nicolaus lowered their price target on Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a report on Tuesday, July 2nd. Truist Financial dropped their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research report on Friday, October 18th. BMO Capital Markets reduced their price target on shares of Hexcel from $71.00 to $70.00 and set a “market perform” rating on the stock in a report on Monday, September 30th. Royal Bank of Canada downgraded shares of Hexcel from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Finally, Wells Fargo & Company boosted their target price on Hexcel from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $71.62.

Hexcel Price Performance

Shares of NYSE:HXL opened at $62.53 on Friday. The company has a market capitalization of $5.06 billion, a P/E ratio of 47.73, a P/E/G ratio of 1.48 and a beta of 1.29. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The firm’s 50 day simple moving average is $61.65 and its two-hundred day simple moving average is $64.16. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.55.

Hexcel (NYSE:HXL) last released its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million for the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. Hexcel’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.38 EPS. Research analysts expect that Hexcel will post 2.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Hexcel

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Hexcel by 86.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,785 shares of the aerospace company’s stock worth $859,000 after buying an additional 5,476 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Hexcel by 64.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,836 shares of the aerospace company’s stock worth $498,000 after purchasing an additional 2,676 shares during the period. Oak Thistle LLC bought a new stake in shares of Hexcel during the first quarter worth $401,000. State of Michigan Retirement System boosted its stake in shares of Hexcel by 2.5% during the first quarter. State of Michigan Retirement System now owns 20,697 shares of the aerospace company’s stock valued at $1,508,000 after purchasing an additional 500 shares during the period. Finally, First Trust Direct Indexing L.P. grew its holdings in shares of Hexcel by 11.9% in the first quarter. First Trust Direct Indexing L.P. now owns 3,501 shares of the aerospace company’s stock worth $255,000 after purchasing an additional 372 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.