Hexcel (HXL) Earns Neutral Rating from Credit Suisse Group
Credit Suisse Group reiterated their neutral rating on shares of Hexcel (NYSE:HXL) in a report released on Wednesday. The firm currently has a $67.00 price target on the aerospace company’s stock, up from their previous price target of $60.00.
HXL has been the subject of a number of other research reports. KeyCorp reiterated a buy rating and issued a $60.00 price objective on shares of Hexcel in a report on Friday, September 1st. Stephens started coverage on shares of Hexcel in a report on Wednesday, December 6th. They issued an overweight rating and a $74.00 price objective for the company. Jefferies Group reiterated a hold rating and issued a $50.00 price objective on shares of Hexcel in a report on Friday, September 29th. Canaccord Genuity reiterated a hold rating and issued a $54.00 price objective on shares of Hexcel in a report on Friday, September 29th. Finally, Zacks Investment Research upgraded shares of Hexcel from a sell rating to a hold rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $62.20.
Hexcel (HXL) traded up $0.88 during mid-day trading on Wednesday, reaching $61.92. 734,311 shares of the company’s stock were exchanged, compared to its average volume of 472,467. The firm has a market cap of $5,482.95, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 3.05 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 2.74. Hexcel has a 12 month low of $49.20 and a 12 month high of $63.93.
Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.02. The company had revenue of $491.50 million during the quarter, compared to the consensus estimate of $507.77 million. Hexcel had a net margin of 13.13% and a return on equity of 18.40%. Hexcel’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. analysts anticipate that Hexcel will post 2.68 earnings per share for the current year.
In other news, SVP Kimberly A. Hendricks sold 2,608 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $63.35, for a total value of $165,216.80. Following the completion of the sale, the senior vice president now owns 22,221 shares of the company’s stock, valued at approximately $1,407,700.35. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Timothy Swords sold 13,493 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $60.27, for a total transaction of $813,223.11. Following the completion of the sale, the insider now directly owns 20,202 shares of the company’s stock, valued at approximately $1,217,574.54. The disclosure for this sale can be found here. In the last three months, insiders sold 33,797 shares of company stock valued at $2,070,333. Corporate insiders own 2.10% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Hahn Capital Management LLC boosted its position in shares of Hexcel by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 810,227 shares of the aerospace company’s stock worth $46,523,000 after purchasing an additional 7,677 shares during the period. Fieldpoint Private Securities LLC purchased a new position in shares of Hexcel during the 3rd quarter worth approximately $142,000. California Public Employees Retirement System boosted its position in shares of Hexcel by 9.1% during the 3rd quarter. California Public Employees Retirement System now owns 207,243 shares of the aerospace company’s stock worth $11,900,000 after purchasing an additional 17,343 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Hexcel by 390.3% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 13,866 shares of the aerospace company’s stock worth $796,000 after purchasing an additional 11,038 shares during the period. Finally, Crestline Management LP purchased a new position in shares of Hexcel during the 3rd quarter worth approximately $2,871,000. 96.67% of the stock is owned by institutional investors and hedge funds.
Hexcel 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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