Brokerages Set Hexcel Corporation (NYSE:HXL) PT at $56.43

Hexcel Corporation (NYSE:HXL) has been assigned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $56.43.

Several equities analysts have commented on the stock. BidaskClub downgraded shares of Hexcel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Hexcel Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Vertical Research cut shares of Hexcel Corporation from a “buy” rating to a “hold” rating and decreased their price target for the company from $58.00 to $54.00 in a report on Wednesday, July 26th. Jefferies Group LLC restated a “hold” rating and set a $50.00 price target (down from $52.00) on shares of Hexcel Corporation in a report on Tuesday, July 25th. Finally, Cowen and Company restated a “buy” rating and set a $57.00 price target on shares of Hexcel Corporation in a report on Monday, July 24th.

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Hexcel Corporation by 3.8% in the first quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock valued at $382,143,000 after buying an additional 257,243 shares during the last quarter. BlackRock Inc. boosted its stake in Hexcel Corporation by 12,782.1% in the first quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock valued at $255,874,000 after buying an additional 4,654,206 shares during the last quarter. Broad Run Investment Management LLC boosted its stake in Hexcel Corporation by 3.4% in the first quarter. Broad Run Investment Management LLC now owns 2,951,469 shares of the aerospace company’s stock valued at $161,003,000 after buying an additional 96,115 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Hexcel Corporation by 2.0% in the second quarter. William Blair Investment Management LLC now owns 1,839,816 shares of the aerospace company’s stock valued at $97,124,000 after buying an additional 36,893 shares during the last quarter. Finally, Schroder Investment Management Group boosted 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 during the last quarter.

Shares of Hexcel Corporation (NYSE HXL) traded down 0.04% on Friday, hitting $53.23. The company’s stock had a trading volume of 406,043 shares. Hexcel Corporation has a 52 week low of $41.03 and a 52 week high of $55.91. The stock has a market capitalization of $4.78 billion, a P/E ratio of 19.50 and a beta of 1.04. The stock’s 50 day moving average price is $52.84 and its 200 day moving average price is $52.41.

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 Thomson Reuters’ consensus estimate of $0.69 by $0.02. The business had revenue of $491.30 million for the quarter, compared to analyst estimates of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 earnings per share. On average, analysts forecast that Hexcel Corporation will post $2.68 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Thursday, August 3rd will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Tuesday, August 1st. This is a boost from Hexcel Corporation’s previous quarterly dividend of $0.11. Hexcel Corporation’s dividend payout ratio (DPR) is presently 18.32%.

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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.

Analyst Recommendations for Hexcel Corporation (NYSE:HXL)

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