Jefferies Group LLC reiterated their hold rating on shares of Hexcel Corporation (NYSE:HXL) in a report published on Tuesday, July 25th. They currently have a $50.00 target price on the aerospace company’s stock, down from their prior target price of $52.00. Jefferies Group also issued estimates for Hexcel Corporation’s Q3 2017 earnings at $0.67 EPS, Q4 2017 earnings at $0.71 EPS, FY2017 earnings at $2.65 EPS, FY2018 earnings at $3.00 EPS, FY2019 earnings at $3.40 EPS and FY2020 earnings at $3.75 EPS.
HXL has been the topic of several other reports. Zacks Investment Research cut Hexcel Corporation from a hold rating to a sell rating in a research report on Wednesday, March 29th. Canaccord Genuity restated a hold rating and issued a $54.00 target price on shares of Hexcel Corporation in a research report on Monday, July 24th. BidaskClub upgraded Hexcel Corporation from a strong sell rating to a sell rating in a research report on Thursday, July 6th. Cowen and Company restated a buy rating and issued a $57.00 target price on shares of Hexcel Corporation in a research report on Wednesday, April 19th. Finally, Aegis reaffirmed a buy rating on shares of Hexcel Corporation in a research note on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $56.89.
Hexcel Corporation (NYSE HXL) traded down 0.64% during mid-day trading on Tuesday, hitting $52.53. The company had a trading volume of 424,798 shares. The firm has a market cap of $4.72 billion, a P/E ratio of 19.24 and a beta of 1.04. Hexcel Corporation has a 52-week low of $41.03 and a 52-week high of $55.91. The stock’s 50 day moving average price is $53.04 and its 200 day moving average price is $52.49.
Hexcel Corporation (NYSE:HXL) last posted its earnings results on Monday, July 24th. The aerospace company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.69 by $0.02. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The business had revenue of $491.30 million during the quarter, compared to analyst estimates of $518.29 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The firm’s revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts predict that Hexcel Corporation will post $2.68 EPS for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, August 3rd were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, August 1st. This is a positive change from Hexcel Corporation’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a dividend yield of 0.95%. Hexcel Corporation’s dividend payout ratio (DPR) is currently 18.32%.
Large investors have recently added to or reduced their stakes in the company. RMB Capital Management LLC raised its stake in Hexcel Corporation by 17.8% in the first quarter. RMB Capital Management LLC now owns 26,500 shares of the aerospace company’s stock valued at $1,446,000 after buying an additional 4,000 shares in the last quarter. Schroder Investment Management Group raised its stake in Hexcel Corporation by 39.7% in the first quarter. Schroder Investment Management Group now owns 1,791,793 shares of the aerospace company’s stock valued at $97,546,000 after buying an additional 509,076 shares in the last quarter. Virginia Retirement Systems ET AL bought a new stake in Hexcel Corporation during the first quarter valued at $660,000. Morgan Stanley raised its stake in Hexcel Corporation by 236.2% in the first quarter. Morgan Stanley now owns 425,645 shares of the aerospace company’s stock valued at $23,219,000 after buying an additional 299,028 shares in the last quarter. Finally, Credit Suisse AG raised its stake in Hexcel Corporation by 8.7% in the first quarter. Credit Suisse AG now owns 265,947 shares of the aerospace company’s stock valued at $14,507,000 after buying an additional 21,179 shares in the last quarter.
About Hexcel Corporation
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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