Hexcel Corporation (HXL) Given Hold Rating at Jefferies Group LLC
Jefferies Group LLC restated their hold rating on shares of Hexcel Corporation (NYSE:HXL) in a research report report published on Friday morning. Jefferies Group LLC currently has a $50.00 target price on the aerospace company’s stock.
HXL has been the topic of several other research reports. Zacks Investment Research upgraded Hexcel Corporation from a hold rating to a buy rating and set a $58.00 price target on the stock in a report on Monday, June 26th. BidaskClub upgraded Hexcel Corporation from a strong sell rating to a sell rating in a report on Thursday, July 6th. Cowen and Company restated a buy rating and set a $57.00 price target on shares of Hexcel Corporation in a report on Tuesday, July 11th. Canaccord Genuity restated a hold rating and set a $54.00 price target on shares of Hexcel Corporation in a report on Monday, July 24th. Finally, Vertical Research lowered 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. Hexcel Corporation presently has a consensus rating of Hold and a consensus target price of $57.55.
Shares of Hexcel Corporation (NYSE HXL) traded up 0.42% on Friday, hitting $57.42. 441,399 shares of the stock traded hands. Hexcel Corporation has a 52-week low of $41.03 and a 52-week high of $58.24. The firm has a 50 day moving average price of $53.30 and a 200 day moving average price of $52.67. The firm has a market cap of $5.16 billion, a PE ratio of 21.03 and a beta of 1.04.
Hexcel Corporation (NYSE:HXL) last issued its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.69 by ($0.02). The firm had revenue of $491.30 million for the quarter, compared to analysts’ expectations 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 was down 6.0% on a year-over-year basis. During the same period last year, the company earned $0.70 earnings per share. On average, equities analysts forecast that Hexcel Corporation will post $2.68 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in HXL. BlackRock Inc. increased its position in shares of Hexcel Corporation by 12,782.1% during the first quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock worth $255,874,000 after acquiring an additional 4,654,206 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Hexcel Corporation during the first quarter worth about $41,982,000. Morgan Stanley increased its position in shares of Hexcel Corporation by 236.2% during the first quarter. Morgan Stanley now owns 425,645 shares of the aerospace company’s stock worth $23,219,000 after acquiring an additional 299,028 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Hexcel Corporation by 3.8% during the first quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock worth $382,143,000 after acquiring an additional 257,243 shares during the last quarter. Finally, Schroder Investment Management Group increased its position in shares of Hexcel Corporation by 11.6% during the second quarter. Schroder Investment Management Group now owns 2,000,232 shares of the aerospace company’s stock worth $104,652,000 after acquiring an additional 208,439 shares during the last quarter. 96.78% of the stock is currently owned by institutional investors and hedge funds.
Hexcel Corporation Company Profile
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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