Hexcel Co. (HXL) Downgraded to Hold at Zacks Investment Research
According to Zacks, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets. “
A number of other research analysts have also weighed in on HXL. Aegis initiated coverage on Hexcel in a report on Monday, November 21st. They set a buy rating and a $59.00 price objective on the stock. Wolfe Research initiated coverage on Hexcel in a report on Wednesday, November 23rd. They issued a market perform rating on the stock. Deutsche Bank AG upped their target price on Hexcel from $53.00 to $60.00 and gave the company a buy rating in a report on Monday, December 5th. Vertical Group reissued a buy rating and issued a $55.00 target price (up previously from $52.00) on shares of Hexcel in a report on Friday, December 16th. Finally, Credit Suisse Group AG reissued a hold rating on shares of Hexcel in a report on Tuesday, December 20th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $54.56.
Shares of Hexcel (NYSE:HXL) traded down 0.11% during mid-day trading on Friday, reaching $53.93. 85,936 shares of the company traded hands. The company’s 50 day moving average is $53.13 and its 200 day moving average is $49.06. Hexcel has a 52-week low of $38.87 and a 52-week high of $55.91. The stock has a market capitalization of $4.94 billion, a price-to-earnings ratio of 20.35 and a beta of 0.99.
Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 25th. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. Hexcel had a return on equity of 19.67% and a net margin of 12.46%. The firm had revenue of $483.50 million for the quarter, compared to analyst estimates of $497.55 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. Hexcel’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Hexcel will post $2.72 earnings per share for the current year.
Your IP Address:
In other Hexcel news, insider Thierry Merlot sold 4,774 shares of the company’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $55.29, for a total value of $263,954.46. Following the sale, the insider now owns 16,182 shares of the company’s stock, valued at $894,702.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Wayne C. Pensky sold 10,249 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $55.32, for a total value of $566,974.68. Following the completion of the sale, the chief financial officer now directly owns 94,313 shares in the company, valued at approximately $5,217,395.16. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC bought a new stake in Hexcel during the third quarter worth approximately $208,000. British Columbia Investment Management Corp raised its stake in Hexcel by 11.1% in the third quarter. British Columbia Investment Management Corp now owns 250,000 shares of the company’s stock worth $11,075,000 after buying an additional 25,000 shares during the last quarter. Graybill Bartz & Assoc Ltd. raised its stake in Hexcel by 2.2% in the third quarter. Graybill Bartz & Assoc Ltd. now owns 53,485 shares of the company’s stock worth $2,369,000 after buying an additional 1,135 shares during the last quarter. Moody Aldrich Partners LLC raised its stake in Hexcel by 10.3% in the third quarter. Moody Aldrich Partners LLC now owns 32,630 shares of the company’s stock worth $1,446,000 after buying an additional 3,040 shares during the last quarter. Finally, First National Bank of Hutchinson bought a new stake in Hexcel during the third quarter worth approximately $611,000. 98.02% of the stock is currently owned by institutional investors and hedge funds.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hexcel Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Co. and related companies with Analyst Ratings Network's FREE daily email newsletter.