BMO Capital Markets Reduces Hexcel Target Price (NYSE: HXL) to $ 56.00
Hexcel (NYSE: HXL) saw its price target lowered by stock analysts at BMO Capital Markets from $ 57.00 to $ 56.00 in a note issued to investors on Wednesday, Benzinga reports. The company currently has a “market performance” rating on the shares of the aerospace company. BMO Capital Markets price target suggests a potential decline of 4.84% from the security’s previous close.
HXL has been the subject of a number of other research reports. Loop Capital raised its price target on Hexcel from $ 32.00 to $ 40.00 and gave the company a “sell” rating in a research report released Wednesday. They noted that the move was an appraisal call. Credit Suisse Group lowered its price target for Hexcel shares from $ 64.00 to $ 62.00 and set a “neutral” rating for the company in a research report published on Wednesday, July 28. Seaport Res Ptn downgraded Hexcel’s rating from a âbuyâ rating to a âneutralâ rating in a research report released on Friday, September 24. Seaport Global Securities downgraded Hexcel shares from a âbuyâ rating to a âneutralâ rating in a research note on Friday, September 24. Ultimately, Zacks investment research reduce the shares of Hexcel from a âkeepâ rating to a âsellâ rating and set a target price of $ 57.00 on the stock. in a research note on Friday July 30. Three analysts assigned a sell rating to the stock, seven assigned a conservation rating and one assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of âHoldâ and an average price target of $ 52.00.
HXL traded up $ 0.23 in the midday session on Wednesday, reaching $ 58.85. The company had a trading volume of 5,823 shares, compared to an average volume of 705,556. The company has a leverage ratio of 0.60, a quick ratio of 1.64 and a current ratio of 2.63. The company has a market cap of $ 4.93 billion, a PE ratio of -235.64 and a beta of 1.52. Hexcel has a twelve month low of $ 31.32 and a twelve month high of $ 64.99. The company’s 50-day simple moving average is $ 58.49 and its 200-day simple moving average is $ 58.03.
Hexcel (NYSE: HXL) last released its results on Sunday, October 17. The aerospace company reported earnings per share (EPS) of $ 0.13 for the quarter, beating the consensus estimate of $ 0.08 from $ 0.05. Hexcel had a negative net margin of 1.77% and a negative return on equity of 2.72%. The company posted revenue of $ 333.80 million for the quarter, compared to analysts’ estimates of $ 349.48 million. In the same quarter of last year, the company made EPS ($ 0.29). The company’s revenue for the quarter increased 16.3% year-over-year. As a group, sell-side analysts predict that Excel will post 0.15 EPS for the current fiscal year.
Several large investors have recently changed their positions in HXL. SFE Investment Counsel strengthened its position in Hexcel by 4.6% in the second quarter. SFE Investment Counsel now owns 4,245 shares of the aerospace company valued at $ 265,000 after purchasing 185 additional shares during the last quarter. Absher Wealth Management LLC increased its stake in Hexcel shares by 2.4% in the second quarter. Absher Wealth Management LLC now owns 8,198 shares of the aerospace company valued at $ 512,000 after purchasing 191 additional shares during the period. Profund Advisors LLC increased its stake in Hexcel shares by 4.0% in the second quarter. Profund Advisors LLC now owns 5,252 shares of the aerospace company valued at $ 328,000 after purchasing 202 additional shares during the period. Private Capital Group LLC increased its stake in Hexcel shares by 13.1% in the third quarter. Private Capital Group LLC now owns 1,828 shares of the aerospace company valued at $ 109,000 after purchasing 212 additional shares during the period. Finally, the Public Employees Retirement System of Ohio increased its stake in Hexcel shares by 0.5% in the second quarter. The Ohio Public Employee Retirement System now owns 47,692 shares of the aerospace company valued at $ 2,976,000 after buying 238 more shares during the period.
Hexcel Company Profile
Hexcel Corp. engages in the development, manufacture and marketing of lightweight structural materials. It includes carbon fibers, special reinforcements, prepregs and other fiber reinforced matrix materials, honeycombs, adhesives, radio frequency / electromagnetic interference (RF / EMI) and microwave absorbing materials , honeycombs and composite structures.
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