Jefferies Group LLC reaffirmed their hold rating on shares of Hexcel Corporation (NYSE:HXL) in a report released on Tuesday morning. They currently have a $50.00 target price on the aerospace company’s stock, down from their previous target price of $52.00. Jefferies Group also issued estimates for Hexcel Corporation’s Q3 2017 earnings at $0.67 EPS, Q4 2017 earnings at $0.71 EPS, FY2017 earnings at $2.65 EPS, FY2018 earnings at $3.00 EPS, FY2019 earnings at $3.40 EPS and FY2020 earnings at $3.75 EPS.

A number of other analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Hexcel Corporation from a hold rating to a buy rating and set a $58.00 target price on the stock in a research note on Monday, June 26th. Cowen and Company restated a buy rating and set a $57.00 target price on shares of Hexcel Corporation in a research note on Wednesday, April 19th. Aegis restated a buy rating on shares of Hexcel Corporation in a research note on Wednesday, May 31st. BidaskClub upgraded shares of Hexcel Corporation from a strong sell rating to a sell rating in a research note on Thursday, July 6th. Finally, Canaccord Genuity restated a hold rating and set a $54.00 target price on shares of Hexcel Corporation in a research note on Monday, July 24th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $56.89.

Shares of Hexcel Corporation (NYSE:HXL) traded up 1.65% on Tuesday, hitting $51.88. 472,763 shares of the stock were exchanged. Hexcel Corporation has a 52-week low of $41.03 and a 52-week high of $55.91. The company’s 50 day moving average is $52.81 and its 200-day moving average is $52.38. The stock has a market cap of $4.66 billion, a PE ratio of 19.00 and a beta of 1.04.

Hexcel Corporation (NYSE:HXL) last released its earnings results on Monday, July 24th. The aerospace company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The firm had revenue of $491.30 million for the quarter, compared to analysts’ expectations of $518.29 million. During the same quarter in the previous year, the company posted $0.70 earnings per share. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. Analysts predict that Hexcel Corporation will post $2.68 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, August 1st. This is a positive change from Hexcel Corporation’s previous quarterly dividend of $0.11. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.96%. Hexcel Corporation’s dividend payout ratio (DPR) is 16.12%.

Several institutional investors have recently made changes to their positions in HXL. Vanguard Group Inc. raised its position in shares of Hexcel Corporation by 3.8% in the first quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock worth $382,143,000 after buying an additional 257,243 shares during the period. BlackRock Inc. raised its position in shares of Hexcel Corporation by 12,782.1% in the first quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock worth $255,874,000 after buying an additional 4,654,206 shares during the period. Broad Run Investment Management LLC raised its position in shares of Hexcel Corporation by 3.4% in the first quarter. Broad Run Investment Management LLC now owns 2,951,469 shares of the aerospace company’s stock worth $161,003,000 after buying an additional 96,115 shares during the period. William Blair Investment Management LLC raised its position in shares of Hexcel Corporation by 9.5% in the first quarter. William Blair Investment Management LLC now owns 1,802,923 shares of the aerospace company’s stock worth $98,349,000 after buying an additional 155,762 shares during the period. Finally, Schroder Investment Management Group raised its position in shares of Hexcel Corporation by 39.7% in the first quarter. Schroder Investment Management Group now owns 1,791,793 shares of the aerospace company’s stock worth $97,546,000 after buying an additional 509,076 shares during the period.

About Hexcel Corporation

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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