Hexcel (NYSE:HXL) Price Target Raised to $81.00

Hexcel (NYSE:HXL) had its target price raised by Wells Fargo & Company from $78.00 to $81.00 in a research report sent to investors on Wednesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada downgraded shares of Hexcel from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from $76.00 to $68.00 in a research report on Wednesday, August 14th. BMO Capital Markets reduced their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Truist Financial lowered their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. UBS Group increased their price objective on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Hexcel presently has an average rating of “Hold” and a consensus price target of $70.83.

Hexcel Price Performance

Shares of NYSE:HXL opened at $63.77 on Wednesday. The company has a market capitalization of $5.17 billion, a PE ratio of 48.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The stock has a fifty day moving average of $61.65 and a 200-day moving average of $62.81. Hexcel has a one year low of $57.50 and a one year high of $77.09.

Hexcel (NYSE:HXL) last released its quarterly 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 business had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the company posted $0.38 EPS. As a group, equities analysts anticipate that Hexcel will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.94%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio is 45.80%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HXL. True Wealth Design LLC bought a new stake in Hexcel in the third quarter worth $30,000. Capital Performance Advisors LLP bought a new stake in shares of Hexcel during the 3rd quarter worth about $56,000. First Horizon Advisors Inc. increased its holdings in shares of Hexcel by 53.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 326 shares during the last quarter. Huntington National Bank raised its stake in shares of Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 225 shares in the last quarter. Finally, Eastern Bank acquired a new stake in Hexcel in the 3rd quarter worth approximately $62,000. 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.