Hexcel (HXL) Given a $64.00 Price Target by Loop Capital Analysts
HXL has been the topic of a number of other research reports. KeyCorp restated a buy rating and issued a $60.00 price target on shares of Hexcel in a report on Friday, September 1st. Stephens started coverage on Hexcel in a report on Wednesday, December 6th. They issued an overweight rating and a $74.00 price target on the stock. Jefferies Group restated a hold rating and issued a $50.00 price target on shares of Hexcel in a report on Friday, September 29th. Canaccord Genuity restated a hold rating and issued a $54.00 price target on shares of Hexcel in a report on Friday, September 29th. Finally, Zacks Investment Research upgraded Hexcel from a sell rating to a hold rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $63.00.
Hexcel (NYSE HXL) traded up $0.88 on Thursday, hitting $61.92. The company had a trading volume of 739,900 shares, compared to its average volume of 586,407. The firm has a market cap of $5,561.07, a PE ratio of 23.63, a P/E/G ratio of 3.09 and a beta of 1.10. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.58. Hexcel has a 1-year low of $49.20 and a 1-year high of $63.93.
In other Hexcel news, CEO Nick L. Stanage sold 7,000 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $62.01, for a total transaction of $434,070.00. Following the transaction, the chief executive officer now owns 161,463 shares of the company’s stock, valued at approximately $10,012,320.63. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Kimberly A. Hendricks sold 2,608 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $63.35, for a total value of $165,216.80. Following the transaction, the senior vice president now directly owns 22,221 shares in the company, valued at approximately $1,407,700.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 33,797 shares of company stock worth $2,070,333. 2.10% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the business. AHL Partners LLP purchased a new position in shares of Hexcel during the 2nd quarter worth $207,000. Torray LLC lifted its stake in shares of Hexcel by 2.8% during the 2nd quarter. Torray LLC now owns 14,775 shares of the aerospace company’s stock worth $780,000 after purchasing an additional 403 shares during the period. Markel Corp lifted its stake in shares of Hexcel by 32.3% during the 3rd quarter. Markel Corp now owns 86,000 shares of the aerospace company’s stock worth $4,938,000 after purchasing an additional 21,000 shares during the period. BlackRock Inc. lifted its stake in shares of Hexcel by 5.0% during the 2nd quarter. BlackRock Inc. now owns 4,924,139 shares of the aerospace company’s stock worth $259,946,000 after purchasing an additional 233,521 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake in shares of Hexcel by 13.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 28,200 shares of the aerospace company’s stock worth $1,490,000 after purchasing an additional 3,279 shares during the period. 96.67% of the stock is currently owned by institutional investors.
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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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