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.

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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.

Analyst Recommendations for Hexcel Corporation (NYSE:HXL)

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