Wells Fargo & Company Raises Hexcel (NYSE:HXL) Price Target to $87.00

Hexcel (NYSE:HXL) had its price objective upped by investment analysts at Wells Fargo & Company from $81.00 to $87.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 28.93% from the stock’s current price.

Other research analysts have also issued reports about the company. Truist Financial lowered their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. BMO Capital Markets decreased their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a report on Thursday, October 10th. Finally, UBS Group increased their price target on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $73.25.

Hexcel Trading Down 4.5 %

Shares of NYSE:HXL opened at $67.48 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $63.73 and its 200 day moving average price is $62.70. The company has a market cap of $5.47 billion, a PE ratio of 42.44, a P/E/G ratio of 1.94 and a beta of 1.30. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09.

Hexcel (NYSE:HXL) last released its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.55% and a net margin of 6.94%. Sell-side analysts anticipate that Hexcel will post 2.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. American Century Companies Inc. boosted its stake in shares of Hexcel by 5.8% during the 2nd quarter. American Century Companies Inc. now owns 21,718 shares of the aerospace company’s stock valued at $1,356,000 after buying an additional 1,197 shares during the period. Intech Investment Management LLC bought a new stake in shares of Hexcel in the 2nd quarter valued at approximately $450,000. Bank of Montreal Can lifted its stake in Hexcel by 46.0% in the second quarter. Bank of Montreal Can now owns 85,450 shares of the aerospace company’s stock valued at $5,382,000 after acquiring an additional 26,909 shares during the last quarter. Marshall Wace LLP bought a new stake in Hexcel in the second quarter worth approximately $9,989,000. Finally, Insigneo Advisory Services LLC boosted its holdings in Hexcel by 35.3% in the second quarter. Insigneo Advisory Services LLC now owns 4,687 shares of the aerospace company’s stock worth $286,000 after purchasing an additional 1,224 shares in the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.