Hexcel (NYSE:HXL) Issues Quarterly Earnings Results, Hits Expectations

Hexcel (NYSE:HXL) posted its earnings results on Wednesday. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52, Zacks reports. Hexcel had a return on equity of 9.99% and a net margin of 5.73%.

Hexcel Trading Up 0.1 %

NYSE:HXL traded up $0.06 during trading hours on Wednesday, hitting $68.52. The company had a trading volume of 2,165,931 shares, compared to its average volume of 1,315,968. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. The stock has a 50-day moving average price of $63.22 and a 200 day moving average price of $62.59. The company has a market capitalization of $5.55 billion, a PE ratio of 52.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09.

Analyst Ratings Changes

Several brokerages have issued reports on HXL. Royal Bank of Canada raised Hexcel from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $68.00 to $74.00 in a research note on Thursday, December 19th. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. BMO Capital Markets cut their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Finally, Truist Financial decreased their target price 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $71.33.

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.