Hexcel Corporation (HXL) Receives Consensus Rating of “Hold” from Brokerages
Shares of Hexcel Corporation (NYSE:HXL) have received an average rating of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $57.89.
HXL has been the subject of several recent research reports. BidaskClub upgraded Hexcel Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 6th. Jefferies Group LLC reiterated a “hold” rating and issued a $52.00 price target on shares of Hexcel Corporation in a research report on Friday, July 7th. Cowen and Company reiterated a “buy” rating and issued a $57.00 price target on shares of Hexcel Corporation in a research report on Tuesday, July 11th. Canaccord Genuity reiterated a “hold” rating and issued a $54.00 price target on shares of Hexcel Corporation in a research report on Monday, July 24th. Finally, Vertical Research lowered Hexcel Corporation from a “buy” rating to a “hold” rating and dropped their price target for the stock from $58.00 to $54.00 in a research report on Wednesday, July 26th.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its holdings in shares of Hexcel Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock valued at $471,000 after purchasing an additional 23 shares during the period. Advisor Group Inc. boosted its holdings in shares of Hexcel Corporation by 0.5% in the second quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock valued at $275,000 after purchasing an additional 24 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Hexcel Corporation by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock valued at $387,000 after purchasing an additional 97 shares during the period. Albion Financial Group UT boosted its holdings in shares of Hexcel Corporation by 1.2% in the second quarter. Albion Financial Group UT now owns 8,697 shares of the aerospace company’s stock valued at $459,000 after purchasing an additional 100 shares during the period. Finally, Comerica Bank boosted its holdings in shares of Hexcel Corporation by 1.4% in the second quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock valued at $494,000 after purchasing an additional 128 shares during the period. Hedge funds and other institutional investors own 96.61% of the company’s stock.
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Hexcel Corporation (NYSE HXL) opened at 58.94 on Thursday. Hexcel Corporation has a 12-month low of $43.21 and a 12-month high of $60.41. The stock has a 50 day moving average price of $56.77 and a 200-day moving average price of $53.40. The stock has a market capitalization of $5.29 billion, a PE ratio of 21.59 and a beta of 1.04.
Hexcel Corporation (NYSE:HXL) last issued its earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.03. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The firm had revenue of $491.50 million for the quarter, compared to analysts’ expectations of $507.77 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that Hexcel Corporation will post $2.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 8th. Shareholders of record on Wednesday, November 1st will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.85%. Hexcel Corporation’s dividend payout ratio (DPR) is presently 18.32%.
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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