Hexcel (NYSE:HXL) Price Target Raised to $82.00

Hexcel (NYSE:HXL) had its target price lifted by Royal Bank of Canada from $74.00 to $82.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the aerospace company’s stock.

Several other brokerages also recently issued reports on HXL. Wells Fargo & Company upped their target price on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday. BMO Capital Markets lowered their price objective on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Thursday, December 19th. UBS Group upped their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Hexcel has an average rating of “Hold” and a consensus price target of $73.25.

Hexcel Stock Down 4.5 %

HXL stock opened at $67.48 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The business has a 50 day moving average of $63.73 and a 200 day moving average of $62.68. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09. The firm has a market cap of $5.47 billion, a PE ratio of 42.44, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. On average, research analysts forecast that Hexcel will post 2.34 EPS for the current fiscal year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, February 7th will be issued a $0.17 dividend. This is an increase from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, February 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.01%. Hexcel’s dividend payout ratio (DPR) is presently 42.77%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Speece Thorson Capital Group Inc. increased its stake in shares of Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock worth $15,140,000 after purchasing an additional 32,960 shares in the last quarter. Barclays PLC increased its position in Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after buying an additional 17,011 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in Hexcel by 12.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after buying an additional 63,730 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of Hexcel by 215.5% in the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after buying an additional 590,975 shares during the period. Finally, FMR LLC lifted its position in shares of Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after buying an additional 8,135 shares in the last quarter. 95.47% of the stock is currently owned by 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.