Hexcel Corporation (NYSE:HXL) had its price objective hoisted by KeyCorp from $65.00 to $69.00 in a report issued on Friday. The brokerage currently has an “overweight” rating on the aerospace company’s stock. KeyCorp’s target price points to a potential upside of 8.22% from the company’s previous close. KeyCorp also issued estimates for Hexcel Corporation’s FY2017 earnings at $2.67 EPS.

A number of other equities research analysts have also issued reports on HXL. Canaccord Genuity reaffirmed a “hold” rating and issued a $54.00 price target on shares of Hexcel Corporation in a research report on Thursday. Zacks Investment Research raised Hexcel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Loop Capital began coverage on Hexcel Corporation in a research report on Thursday, September 28th. They issued a “hold” rating and a $61.00 price target on the stock. BidaskClub lowered Hexcel Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Cowen and Company reissued a “buy” rating and set a $57.00 target price on shares of Hexcel Corporation in a research report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $58.90.

Hexcel Corporation (NYSE:HXL) opened at 63.76 on Friday. The firm has a 50-day moving average of $57.28 and a 200-day moving average of $53.52. The company has a market capitalization of $5.72 billion, a P/E ratio of 23.36 and a beta of 1.04. Hexcel Corporation has a one year low of $44.04 and a one year high of $63.82.

Hexcel Corporation (NYSE:HXL) last posted its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The company had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. Hexcel Corporation had a return on equity of 18.40% and a net margin of 13.13%. Hexcel Corporation’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. On average, analysts anticipate that Hexcel Corporation will post $2.68 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Hexcel Corporation (HXL) PT Raised to $69.00” was first posted by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/hexcel-corporation-hxl-pt-raised-to-69-00/1647078.html.

A number of large investors have recently added to or reduced their stakes in HXL. UBS Asset Management Americas Inc. grew its stake in Hexcel Corporation by 7.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 61,837 shares of the aerospace company’s stock worth $3,373,000 after buying an additional 4,334 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Hexcel Corporation by 137.5% during the 1st quarter. Ameriprise Financial Inc. now owns 84,919 shares of the aerospace company’s stock worth $4,632,000 after buying an additional 49,164 shares during the last quarter. KBC Group NV grew its stake in Hexcel Corporation by 280.3% during the 1st quarter. KBC Group NV now owns 6,328 shares of the aerospace company’s stock worth $345,000 after buying an additional 4,664 shares during the last quarter. Neuberger Berman Group LLC grew its stake in Hexcel Corporation by 5.2% during the 1st quarter. Neuberger Berman Group LLC now owns 5,523 shares of the aerospace company’s stock worth $301,000 after buying an additional 271 shares during the last quarter. Finally, Teachers Advisors LLC grew its stake in Hexcel Corporation by 1.1% during the 1st quarter. Teachers Advisors LLC now owns 662,248 shares of the aerospace company’s stock worth $36,126,000 after buying an additional 7,475 shares during the last quarter. Hedge funds and other institutional investors own 96.61% of the company’s stock.

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)

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 Analyst Ratings Network's FREE daily email newsletter.