Hexcel (NYSE:HXL) PT Raised to $78.00 at Wells Fargo & Company

Hexcel (NYSE:HXL) had its target price hoisted by analysts at Wells Fargo & Company from $77.00 to $78.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 24.16% from the stock’s current price.

HXL has been the topic of a number of other research reports. UBS Group dropped their price objective on Hexcel from $73.00 to $71.00 and set a “neutral” rating on the stock in a report on Monday, July 1st. Stifel Nicolaus dropped their price target on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $65.00 to $62.00 and set a “hold” rating for the company in a research note on Thursday, October 3rd. BMO Capital Markets lowered their target price on shares of Hexcel from $71.00 to $70.00 and set a “market perform” rating on the stock in a research report on Monday, September 30th. Finally, Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target for the company. in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.77.

Hexcel Trading Up 0.2 %

Hexcel stock opened at $62.82 on Wednesday. The company has a 50 day moving average price of $61.65 and a 200 day moving average price of $64.27. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.55 and a current ratio of 2.75. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of 53.69, a P/E/G ratio of 1.38 and a beta of 1.29.

Hexcel (NYSE:HXL) last issued its earnings results 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. Hexcel had a return on equity of 9.55% and a net margin of 5.78%. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts forecast that Hexcel will post 2.05 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HXL. Goldman Sachs Group Inc. raised its stake in shares of Hexcel by 4.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 282,893 shares of the aerospace company’s stock valued at $20,863,000 after acquiring an additional 12,362 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of Hexcel by 2.0% in the first quarter. Park Avenue Securities LLC now owns 14,407 shares of the aerospace company’s stock valued at $1,050,000 after purchasing an additional 287 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Hexcel by 86.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 11,785 shares of the aerospace company’s stock valued at $859,000 after purchasing an additional 5,476 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Hexcel by 64.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,836 shares of the aerospace company’s stock valued at $498,000 after purchasing an additional 2,676 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Hexcel in the first quarter valued at approximately $401,000. Institutional investors own 95.47% of the company’s stock.

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.