Hexcel Corporation (HXL) Given Consensus Recommendation of “Hold” by Brokerages
Hexcel Corporation (NYSE:HXL) has been assigned a consensus recommendation of “Hold” from the twelve research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $56.43.
A number of equities research analysts have issued reports on HXL shares. Zacks Investment Research raised Hexcel Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Monday, June 26th. BidaskClub raised Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Sunday, July 16th. Aegis reissued a “buy” rating on shares of Hexcel Corporation in a research report on Wednesday, May 31st. Cowen and Company reissued a “buy” rating and issued a $57.00 price objective on shares of Hexcel Corporation in a research report on Tuesday, July 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price objective (down from $52.00) on shares of Hexcel Corporation in a research report on Tuesday, July 25th.
Shares of Hexcel Corporation (NYSE HXL) opened at 53.05 on Wednesday. The stock has a market capitalization of $4.76 billion, a P/E ratio of 19.43 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 company’s 50-day moving average is $53.07 and its 200 day moving average is $52.63.
Hexcel Corporation (NYSE:HXL) last announced its earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $491.30 million for the quarter, compared to the consensus estimate of $518.29 million. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.70 EPS. On average, equities analysts forecast that Hexcel Corporation will post $2.68 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, August 3rd were given a $0.125 dividend. This is a boost from Hexcel Corporation’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a yield of 0.94%. The ex-dividend date was Tuesday, August 1st. Hexcel Corporation’s dividend payout ratio (DPR) is 18.32%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Torray LLC boosted its position in shares of Hexcel Corporation by 2.8% in the second quarter. Torray LLC now owns 14,775 shares of the aerospace company’s stock valued at $780,000 after buying an additional 403 shares during the period. First National Bank of Hutchinson boosted its position in shares of Hexcel Corporation by 3.4% in the second quarter. First National Bank of Hutchinson now owns 14,095 shares of the aerospace company’s stock valued at $736,000 after buying an additional 465 shares during the period. RMB Capital Management LLC boosted its position in shares of 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 during the period. Virginia Retirement Systems ET AL purchased a new position in shares of Hexcel Corporation during the first quarter valued at approximately $660,000. Finally, Schroder Investment Management Group boosted its position in shares of 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 period. 96.88% of the stock is owned by hedge funds and other institutional investors.
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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