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%.
ILLEGAL ACTIVITY NOTICE: “Brokerages Set Hexcel Corporation (NYSE:HXL) PT at $56.43” was first published by BNB Daily and is owned by of BNB Daily. If you are reading this report on another website, it was illegally copied and reposted in violation of United States and international trademark & copyright laws. The legal version of this report can be read at https://www.baseball-news-blog.com/2017/08/19/brokerages-set-hexcel-corporation-nysehxl-pt-at-56-43-updated.html.
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.
Receive News & Ratings for Hexcel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.