Cowen and Company Reaffirms “Buy” Rating for Hexcel Corporation (NYSE:HXL)

Cowen and Company restated their buy rating on shares of Hexcel Corporation (NYSE:HXL) in a research note issued to investors on Wednesday, August 9th. Cowen and Company currently has a $57.00 price objective on the aerospace company’s stock.

“We continue to favor HXL for its H2+ rebound, attractive valuation & scarcity (11x C18E EV/EBITDA), extended visibility, and improving cash flow profile as capex fades.”,” Cowen and Company’s analyst wrote.

A number of other equities research analysts have also weighed in on HXL. Zacks Investment Research upgraded shares of Hexcel Corporation from a sell rating to a hold rating in a research report on Thursday, May 18th. Aegis restated a buy rating on shares of Hexcel Corporation in a research report on Wednesday, May 31st. BidaskClub upgraded shares of Hexcel Corporation from a strong sell rating to a sell rating in a research report on Thursday, July 6th. Jefferies Group LLC reaffirmed a hold rating and issued a $52.00 price objective on shares of Hexcel Corporation in a report on Friday, July 7th. Finally, Canaccord Genuity reaffirmed a hold rating and issued a $54.00 price objective on shares of Hexcel Corporation in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $56.89.

Shares of Hexcel Corporation (NYSE HXL) traded up 0.06% during trading on Wednesday, hitting $52.37. The stock had a trading volume of 305,703 shares. The firm has a 50 day moving average price of $53.15 and a 200 day moving average price of $52.57. The firm has a market cap of $4.70 billion, a P/E ratio of 19.18 and a beta of 1.04. Hexcel Corporation has a 12-month low of $41.03 and a 12-month high of $55.91.

Hexcel Corporation (NYSE:HXL) last released its quarterly 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. The firm had revenue of $491.30 million for the quarter, compared to analyst estimates of $518.29 million. Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. Hexcel Corporation’s revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 earnings per share. On average, equities analysts expect that Hexcel Corporation will post $2.68 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.com-unik.info/2017/08/19/hexcel-corporations-nysehxl-buy-rating-reaffirmed-at-cowen-and-company-updated.html.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 10th. Investors of record on Thursday, August 3rd were issued a dividend of $0.125 per share. This is a boost from Hexcel Corporation’s previous quarterly dividend of $0.11. This represents a $0.50 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Tuesday, August 1st. Hexcel Corporation’s dividend payout ratio (DPR) is currently 18.32%.

Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank boosted its stake in Hexcel Corporation by 50.7% in the first quarter. Toronto Dominion Bank now owns 2,305 shares of the aerospace company’s stock valued at $126,000 after buying an additional 775 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Hexcel Corporation by 6.9% in the second quarter. The Manufacturers Life Insurance Company now owns 3,098 shares of the aerospace company’s stock valued at $163,000 after buying an additional 200 shares in the last quarter. Nomura Holdings Inc. bought a new stake in Hexcel Corporation during the second quarter valued at approximately $202,000. Pacad Investment Ltd. bought a new stake in Hexcel Corporation during the second quarter valued at approximately $206,000. Finally, AHL Partners LLP bought a new stake in Hexcel Corporation during the second quarter valued at approximately $207,000.

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)

What are top analysts saying about Hexcel Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hexcel Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit