Deutsche Bank Aktiengesellschaft Cuts Hexcel (NYSE:HXL) Price Target to $60.00

Hexcel (NYSE:HXL) had its price target decreased by Deutsche Bank Aktiengesellschaft from $63.00 to $60.00 in a report published on Thursday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the aerospace company’s stock.

HXL has been the topic of a number of other reports. Truist Financial dropped their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. UBS Group upped their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Royal Bank of Canada cut Hexcel from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $76.00 to $68.00 in a report on Wednesday, August 14th. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.31.

Hexcel Stock Up 0.9 %

HXL traded up $0.54 on Thursday, hitting $60.06. The company had a trading volume of 39,656 shares, compared to its average volume of 863,505. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 45.44, a P/E/G ratio of 1.73 and a beta of 1.30. The stock has a fifty day moving average price of $60.96 and a 200-day moving average price of $63.72.

Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Analysts predict that Hexcel will post 2.02 EPS for the current fiscal year.

Hexcel Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, November 1st. Hexcel’s dividend payout ratio (DPR) is 45.80%.

Institutional Investors Weigh In On Hexcel

Several institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Hexcel by 277.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,695,343 shares of the aerospace company’s stock valued at $105,874,000 after acquiring an additional 1,246,765 shares during the last quarter. Millennium Management LLC increased its position in shares of Hexcel by 307.1% in the second quarter. Millennium Management LLC now owns 1,079,598 shares of the aerospace company’s stock worth $67,421,000 after purchasing an additional 814,402 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock valued at $54,034,000 after purchasing an additional 590,975 shares in the last quarter. Ceredex Value Advisors LLC boosted its stake in shares of Hexcel by 280.7% during the second quarter. Ceredex Value Advisors LLC now owns 722,290 shares of the aerospace company’s stock valued at $45,107,000 after purchasing an additional 532,550 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of 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 worth $98,966,000 after acquiring an additional 425,402 shares during the period. 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.