Hexcel (NYSE:HXL) Price Target Raised to $85.00

Hexcel (NYSE:HXL) had its price objective increased by research analysts at Truist Financial from $76.00 to $85.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target would indicate a potential upside of 25.97% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. StockNews.com lowered shares of Hexcel from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. BMO Capital Markets lowered their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research report on Thursday, October 10th. Finally, TD Cowen upgraded Hexcel to a “hold” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.25.

Hexcel Stock Down 4.5 %

HXL stock opened at $67.48 on Friday. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $63.73 and a two-hundred day moving average of $62.70. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a market cap of $5.47 billion, a price-to-earnings ratio of 42.44, a PEG ratio of 1.94 and a beta of 1.30.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. As a group, analysts forecast that Hexcel will post 2.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in Hexcel by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 21,718 shares of the aerospace company’s stock valued at $1,356,000 after purchasing an additional 1,197 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Hexcel in the second quarter valued at approximately $450,000. Bank of Montreal Can lifted its stake in Hexcel by 46.0% in the second quarter. Bank of Montreal Can now owns 85,450 shares of the aerospace company’s stock worth $5,382,000 after acquiring an additional 26,909 shares during the last quarter. Marshall Wace LLP acquired a new position in Hexcel during the 2nd quarter worth approximately $9,989,000. Finally, Insigneo Advisory Services LLC increased its position in shares of Hexcel by 35.3% in the 2nd quarter. Insigneo Advisory Services LLC now owns 4,687 shares of the aerospace company’s stock valued at $286,000 after purchasing an additional 1,224 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.