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

Hexcel (NYSE:HXL) had its target price hoisted by analysts at Wells Fargo & Company from $78.00 to $81.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s target price would indicate a potential upside of 26.78% from the stock’s current price.

Several other research analysts also recently weighed in on HXL. Truist Financial decreased their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. UBS Group raised their price objective on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Vertical Research downgraded Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. Finally, Royal Bank of Canada cut shares of Hexcel from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $76.00 to $68.00 in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $70.83.

Hexcel Stock Performance

NYSE:HXL opened at $63.89 on Wednesday. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm’s fifty day simple moving average is $61.58 and its 200 day simple moving average is $62.85. The stock has a market cap of $5.18 billion, a P/E ratio of 48.77, a price-to-earnings-growth ratio of 1.94 and a beta of 1.30.

Hexcel (NYSE:HXL) last issued 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. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm 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 firm posted $0.38 earnings per share. The business’s revenue was up 8.9% on a year-over-year basis. As a group, research analysts predict that Hexcel will post 2.02 EPS for the current year.

Hedge Funds Weigh In On Hexcel

A number of institutional investors and hedge funds have recently modified their holdings of HXL. Speece Thorson Capital Group Inc. lifted its holdings in shares of Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock worth $15,140,000 after acquiring an additional 32,960 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in shares of Hexcel by 12.3% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock valued at $35,957,000 after buying an additional 63,730 shares during the period. D. E. Shaw & Co. Inc. grew 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 buying an additional 590,975 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Hexcel during the second quarter valued at approximately $250,000. Finally, Susquehanna Fundamental Investments LLC raised its holdings in shares of Hexcel by 232.6% in the second quarter. Susquehanna Fundamental Investments LLC now owns 98,122 shares of the aerospace company’s stock worth $6,128,000 after buying an additional 68,622 shares during the period. Hedge funds and other 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.