Hexcel (NYSE:HXL) Given New $87.00 Price Target at Wells Fargo & Company

Hexcel (NYSE:HXL) had its price objective upped by research analysts at Wells Fargo & Company from $81.00 to $87.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 25.48% from the company’s previous close.

Several other research firms have also weighed in on HXL. Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research report on Thursday, October 10th. BMO Capital Markets reduced their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Truist Financial reduced their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. StockNews.com lowered shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada raised shares of Hexcel from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $68.00 to $74.00 in a research note on Thursday, December 19th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Hexcel currently has an average rating of “Hold” and a consensus price target of $71.83.

Hexcel Price Performance

HXL traded down $1.36 on Friday, reaching $69.34. The company had a trading volume of 282,178 shares, compared to its average volume of 1,342,037. The company has a fifty day moving average of $63.57 and a 200-day moving average of $62.69. The company has a market capitalization of $5.62 billion, a P/E ratio of 43.52, a PEG ratio of 1.94 and a beta of 1.30. 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 has a one year low of $57.50 and a one year high of $77.09.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of Hexcel by 277.9% during the second quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after purchasing an additional 1,246,765 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in Hexcel by 36.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,600,619 shares of the aerospace company’s stock valued at $98,966,000 after purchasing an additional 425,402 shares in the last quarter. Copeland Capital Management LLC grew its position in shares of Hexcel by 12.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock valued at $71,810,000 after acquiring an additional 129,335 shares during the period. Millennium Management LLC grew its position in shares of Hexcel by 307.1% in the 2nd quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock valued at $67,421,000 after acquiring an additional 814,402 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Hexcel by 1.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,060,727 shares of the aerospace company’s stock valued at $65,585,000 after acquiring an additional 10,479 shares during the period. 95.47% of the stock is 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.