Hexcel (NYSE:HXL) Given New $60.00 Price Target at Deutsche Bank Aktiengesellschaft

Hexcel (NYSE:HXL) had its target price lowered by Deutsche Bank Aktiengesellschaft from $63.00 to $60.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

Several other research analysts have also issued reports on HXL. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $76.00 to $68.00 in a research report on Wednesday, August 14th. BMO Capital Markets dropped their price target on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Wells Fargo & Company raised their price target on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Truist Financial reduced their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, UBS Group boosted their price objective on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $71.31.

Hexcel Price Performance

HXL traded up $0.54 during midday trading on Thursday, hitting $60.06. The stock had a trading volume of 39,656 shares, compared to its average volume of 863,505. 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 company has a market cap of $4.86 billion, a P/E ratio of 45.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.30. The business has a fifty day moving average of $60.96 and a 200 day moving average of $63.72. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. During the same period in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, equities analysts forecast that Hexcel will post 2.02 earnings per share for the current fiscal year.

Hexcel Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a yield of 1.00%. Hexcel’s dividend payout ratio (DPR) is currently 45.80%.

Institutional Trading of Hexcel

A number of large investors have recently made changes to their positions in HXL. Russell Investments Group Ltd. grew its stake in shares of Hexcel by 258.8% during the first quarter. Russell Investments Group Ltd. now owns 39,428 shares of the aerospace company’s stock worth $2,872,000 after buying an additional 28,439 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Hexcel by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 7,914,296 shares of the aerospace company’s stock valued at $576,556,000 after buying an additional 67,425 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of Hexcel by 2.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 7,440 shares of the aerospace company’s stock worth $542,000 after buying an additional 182 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of Hexcel by 250.1% during the 1st quarter. Bessemer Group Inc. now owns 5,685 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 4,061 shares during the last quarter. Finally, Capital World Investors grew its holdings in Hexcel by 16.4% in the 1st quarter. Capital World Investors now owns 885,547 shares of the aerospace company’s stock worth $64,512,000 after acquiring an additional 124,900 shares during the last quarter. 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.