Hexcel (NYSE:HXL) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

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

A number of other equities research analysts have also weighed in on HXL. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price target on the stock. in a research note on Thursday, October 10th. UBS Group boosted their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a report on Friday, October 25th. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a research note on Thursday. TD Cowen upgraded Hexcel to a “hold” rating in a research report on Thursday, December 19th. Finally, BMO Capital Markets dropped their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus target price of $71.83.

Hexcel Trading Down 1.9 %

HXL traded down $1.36 during trading on Friday, reaching $69.34. The company had a trading volume of 282,178 shares, compared to its average volume of 1,342,037. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09. The stock has a market cap of $5.62 billion, a P/E ratio of 43.52, a PEG ratio of 1.94 and a beta of 1.30. The business has a 50 day simple moving average of $63.57 and a 200-day simple moving average of $62.69. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51.

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

Institutional Trading of Hexcel

Several large investors have recently modified their holdings of HXL. American Century Companies Inc. lifted its holdings in Hexcel by 5.8% in the second quarter. American Century Companies Inc. now owns 21,718 shares of the aerospace company’s stock worth $1,356,000 after acquiring an additional 1,197 shares during the last quarter. Intech Investment Management LLC acquired a new position in Hexcel in the 2nd quarter worth approximately $450,000. Bank of Montreal Can boosted its stake in Hexcel by 46.0% in the 2nd quarter. Bank of Montreal Can now owns 85,450 shares of the aerospace company’s stock worth $5,382,000 after purchasing an additional 26,909 shares during the period. Marshall Wace LLP acquired a new stake in shares of Hexcel during the 2nd quarter valued at $9,989,000. Finally, Insigneo Advisory Services LLC boosted its stake in shares of Hexcel by 35.3% during the 2nd quarter. Insigneo Advisory Services LLC now owns 4,687 shares of the aerospace company’s stock valued at $286,000 after buying an additional 1,224 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.