Hexcel (NYSE:HXL) Price Target Raised to $81.00 at Wells Fargo & Company

Hexcel (NYSE:HXL) had its target price upped by Wells Fargo & Company from $78.00 to $81.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 25.00% from the company’s previous close.

Several other research analysts have also weighed in on HXL. BMO Capital Markets reduced their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Royal Bank of Canada lowered shares of Hexcel from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $76.00 to $68.00 in a research note on Wednesday, August 14th. Truist Financial cut their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Finally, UBS Group lifted their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $70.83.

Hexcel Trading Up 1.0 %

Shares of NYSE:HXL traded up $0.66 during trading on Wednesday, hitting $64.80. 98,853 shares of the company’s stock were exchanged, compared to its average volume of 861,165. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The firm has a 50-day moving average price of $61.45 and a two-hundred day moving average price of $62.84. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The firm has a market cap of $5.25 billion, a P/E ratio of 49.37, a PEG ratio of 1.94 and a beta of 1.30.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The business had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same quarter last year, the firm earned $0.38 EPS. Hexcel’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts predict that Hexcel will post 2.02 earnings per share for the current year.

Hedge Funds Weigh In On Hexcel

Several institutional investors and hedge funds have recently modified their holdings of HXL. True Wealth Design LLC acquired a new position in shares of Hexcel in the third quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in shares of Hexcel in the third quarter valued at $56,000. First Horizon Advisors Inc. increased its holdings in shares of Hexcel by 53.8% in the third quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 326 shares during the last quarter. Huntington National Bank increased its holdings in shares of Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 225 shares during the last quarter. Finally, Eastern Bank acquired a new position in shares of Hexcel in the third quarter valued at $62,000. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.