Hexcel (NYSE:HXL) PT Lowered to $47.00

Hexcel (NYSE:HXL) had its price objective reduced by Credit Suisse Group from $52.00 to $47.00 in a research note released on Wednesday, The Fly reports. Credit Suisse Group currently has an outperform rating on the aerospace company’s stock.

A number of other equities analysts have also commented on HXL. Loop Capital lowered their price objective on Hexcel from $50.00 to $33.00 and set a hold rating on the stock in a research note on Monday, April 27th. Cowen restated a hold rating and set a $35.00 price objective on shares of Hexcel in a research note on Monday, April 27th. Canaccord Genuity raised their price objective on Hexcel from $36.00 to $40.00 and gave the stock a hold rating in a research note on Wednesday. Goldman Sachs Group restated a neutral rating and set a $30.00 price objective on shares of Hexcel in a research note on Wednesday, April 15th. Finally, Barclays decreased their price target on Hexcel from $35.00 to $27.00 and set an equal weight rating on the stock in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $42.67.

NYSE:HXL opened at $37.30 on Wednesday. The stock has a market cap of $3.11 billion, a P/E ratio of 16.36, a PEG ratio of 5.58 and a beta of 1.26. The stock has a 50 day simple moving average of $43.92 and a 200 day simple moving average of $48.25. The company has a current ratio of 3.86, a quick ratio of 2.21 and a debt-to-equity ratio of 0.88. Hexcel has a 1-year low of $24.54 and a 1-year high of $87.00.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Monday, July 27th. The aerospace company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.12). Hexcel had a return on equity of 14.73% and a net margin of 9.48%. The firm had revenue of $378.70 million for the quarter, compared to analyst estimates of $372.66 million. During the same period in the previous year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was down 37.8% on a year-over-year basis. As a group, sell-side analysts forecast that Hexcel will post 1.19 EPS for the current year.

In other Hexcel news, insider Thierry Merlot sold 10,810 shares of Hexcel stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $36.44, for a total transaction of $393,916.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. WASHINGTON TRUST Co acquired a new position in shares of Hexcel in the 1st quarter valued at about $30,000. FinTrust Capital Advisors LLC purchased a new position in Hexcel in the first quarter valued at approximately $31,000. Arden Trust Co purchased a new position in Hexcel in the first quarter valued at approximately $36,000. Citizens Financial Group Inc RI lifted its stake in Hexcel by 74.4% in the first quarter. Citizens Financial Group Inc RI now owns 1,043 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 445 shares during the last quarter. Finally, Column Capital Advisors LLC lifted its stake in Hexcel by 118.4% in the first quarter. Column Capital Advisors LLC now owns 1,186 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 643 shares during the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

Hexcel Company Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

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