Wells Fargo & Company Raises Hexcel (NYSE:HXL) Price Target to $81.00

Hexcel (NYSE:HXL) had its target price boosted by investment analysts at Wells Fargo & Company from $78.00 to $81.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 26.78% from the company’s current price.

Other analysts have also issued reports about the company. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Vertical Research downgraded shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. BMO Capital Markets dropped their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Finally, Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. Two investment 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. Based on data from MarketBeat.com, Hexcel has an average rating of “Hold” and a consensus target price of $70.83.

Hexcel Stock Up 0.8 %

Shares of NYSE HXL opened at $63.89 on Wednesday. The company has a market cap of $5.18 billion, a P/E ratio of 48.77, a P/E/G ratio of 1.94 and a beta of 1.30. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The stock has a fifty day moving average price of $61.58 and a 200 day moving average price of $62.85. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last announced its quarterly earnings data 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 the consensus estimate of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 EPS. Research analysts anticipate that Hexcel will post 2.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Hexcel

Large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in shares of Hexcel during the 3rd quarter worth about $30,000. Capital Performance Advisors LLP acquired a new position in shares of Hexcel during the third quarter worth $56,000. First Horizon Advisors Inc. increased its stake in shares of Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after buying an additional 326 shares during the period. Huntington National Bank raised its holdings in Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares during the last quarter. Finally, Eastern Bank bought a new stake in shares of Hexcel during the 3rd quarter valued at about $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.