Hexcel (NYSE:HXL) PT Lowered to $70.00 at Deutsche Bank Aktiengesellschaft

Hexcel (NYSE:HXL) had its price objective decreased by equities researchers at Deutsche Bank Aktiengesellschaft from $71.00 to $70.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 5.56% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company lifted their price target on shares of Hexcel from $78.00 to $81.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. BMO Capital Markets upped their target price on Hexcel from $69.00 to $73.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Truist Financial decreased their price target on Hexcel from $96.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Northcoast Research cut shares of Hexcel from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley downgraded shares of Hexcel from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $70.00 to $66.00 in a research note on Thursday, February 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.57.

Hexcel Stock Performance

Shares of NYSE HXL opened at $66.31 on Tuesday. Hexcel has a one year low of $58.81 and a one year high of $79.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.51. The firm has a market cap of $5.51 billion, a price-to-earnings ratio of 56.68, a P/E/G ratio of 1.36 and a beta of 1.23. The stock’s fifty day moving average price is $70.08 and its two-hundred day moving average price is $69.40.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Tuesday, April 23rd. The aerospace company reported $0.44 EPS for the quarter, hitting analysts’ consensus estimates of $0.44. The business had revenue of $472.30 million for the quarter, compared to analyst estimates of $468.93 million. Hexcel had a net margin of 5.52% and a return on equity of 8.97%. Hexcel’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. On average, equities analysts forecast that Hexcel will post 2.22 EPS for the current year.

Insider Activity

In related news, insider Thierry Merlot sold 4,500 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $71.63, for a total transaction of $322,335.00. Following the sale, the insider now owns 50,371 shares in the company, valued at approximately $3,608,074.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Hexcel news, Director Guy C. Hachey purchased 3,000 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was purchased at an average cost of $64.53 per share, for a total transaction of $193,590.00. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $193,590. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 4,500 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $71.63, for a total transaction of $322,335.00. Following the transaction, the insider now directly owns 50,371 shares of the company’s stock, valued at approximately $3,608,074.73. The disclosure for this sale can be found here. In the last ninety days, insiders bought 28,000 shares of company stock worth $1,799,240. Insiders own 1.85% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HXL. Norges Bank acquired a new stake in Hexcel during the 4th quarter valued at approximately $66,597,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Hexcel by 143.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,466,380 shares of the aerospace company’s stock valued at $108,146,000 after purchasing an additional 864,405 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of Hexcel by 93.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,503,055 shares of the aerospace company’s stock worth $110,850,000 after buying an additional 724,280 shares during the period. Envestnet Asset Management Inc. raised its stake in Hexcel by 102.3% during the third quarter. Envestnet Asset Management Inc. now owns 643,487 shares of the aerospace company’s stock worth $41,917,000 after buying an additional 325,369 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its holdings in Hexcel by 18.8% in the third quarter. Westfield Capital Management Co. LP now owns 1,462,293 shares of the aerospace company’s stock valued at $95,254,000 after buying an additional 231,207 shares during the period. 95.47% of the stock is owned by institutional investors.

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.