Truist Financial Lowers Hexcel (NYSE:HXL) Price Target to $80.00

Hexcel (NYSE:HXL) had its price target cut by analysts at Truist Financial from $85.00 to $80.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. Truist Financial’s price target suggests a potential upside of 42.29% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company increased their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Royal Bank of Canada increased their price target on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Monday, March 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.64.

Hexcel Trading Down 3.2 %

HXL stock traded down $1.88 during trading on Friday, reaching $56.23. 207,189 shares of the stock traded hands, compared to its average volume of 946,254. Hexcel has a 52-week low of $55.25 and a 52-week high of $73.58. The business’s 50 day moving average price is $62.43 and its 200-day moving average price is $62.20. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The firm has a market capitalization of $4.56 billion, a PE ratio of 35.32, a P/E/G ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, sell-side analysts forecast that Hexcel will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Hexcel

Several hedge funds have recently bought and sold shares of the stock. Earnest Partners LLC grew its holdings in Hexcel by 0.8% in the 4th quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company’s stock valued at $301,991,000 after buying an additional 37,442 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Hexcel by 4,372.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company’s stock valued at $156,919,000 after acquiring an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Hexcel by 24.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock valued at $125,172,000 after acquiring an additional 395,744 shares in the last quarter. Sei Investments Co. increased its position in Hexcel by 9.0% during the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock worth $92,938,000 after acquiring an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company’s stock valued at $90,104,000 after purchasing an additional 24,393 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

About Hexcel

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.