Hexcel (HXL) Receives New Coverage from Analysts at Stephens

Research analysts at Stephens assumed coverage on shares of Hexcel (NYSE:HXL) in a research note issued on Wednesday. The firm set an “overweight” rating on the aerospace company’s stock.

HXL has been the subject of a number of other reports. KeyCorp reiterated a “buy” rating and set a $60.00 price objective on shares of Hexcel in a report on Friday, September 1st. Jefferies Group reissued a “hold” rating and set a $50.00 price target on shares of Hexcel in a research report on Friday, September 29th. Canaccord Genuity reissued a “hold” rating and set a $54.00 price target on shares of Hexcel in a research report on Friday, September 29th. Loop Capital raised their price target on shares of Hexcel from $61.00 to $64.00 and gave the company a “hold” rating in a research report on Tuesday, October 24th. Finally, Zacks Investment Research raised shares of Hexcel from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Hexcel presently has an average rating of “Hold” and an average target price of $60.13.

Hexcel (HXL) opened at $59.78 on Wednesday. The stock has a market cap of $5,450.61, a PE ratio of 23.16, a PEG ratio of 2.87 and a beta of 1.10. Hexcel has a twelve month low of $49.20 and a twelve month high of $63.93. 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 (NYSE:HXL) last issued its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. The firm had revenue of $491.50 million during the quarter, compared to analysts’ expectations of $507.77 million. Hexcel had a net margin of 13.13% and a return on equity of 18.40%. The business’s revenue was down 1.8% on a year-over-year basis. During the same period last year, the company earned $0.65 earnings per share. sell-side analysts anticipate that Hexcel will post 2.67 EPS for the current fiscal year.

In other Hexcel news, insider Thierry Merlot sold 3,748 shares of Hexcel stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $61.19, for a total value of $229,340.12. Following the sale, the insider now owns 13,691 shares of the company’s stock, valued at $837,752.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lynn Brubaker sold 6,948 shares of Hexcel stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $61.67, for a total transaction of $428,483.16. Following the completion of the sale, the director now directly owns 7,107 shares in the company, valued at approximately $438,288.69. The disclosure for this sale can be found here. Insiders have sold 13,304 shares of company stock worth $823,040 over the last three months. 2.10% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in the business. Alps Advisors Inc. raised its position in Hexcel by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock worth $471,000 after acquiring an additional 23 shares during the period. Advisor Group Inc. raised its position in Hexcel by 0.5% in the second quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock worth $275,000 after acquiring an additional 24 shares during the period. Teacher Retirement System of Texas raised its position in Hexcel by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock worth $387,000 after acquiring an additional 97 shares during the period. Albion Financial Group UT raised its position in Hexcel by 1.2% in the second quarter. Albion Financial Group UT now owns 8,697 shares of the aerospace company’s stock worth $459,000 after acquiring an additional 100 shares during the period. Finally, Comerica Bank raised its position in Hexcel by 1.4% in the second quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after acquiring an additional 128 shares during the period. 96.67% of the stock is currently owned by institutional investors and hedge funds.

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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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