Barclays Issues Pessimistic Forecast for Hexcel (NYSE:HXL) Stock Price

Hexcel (NYSE:HXL) had its price objective lowered by analysts at Barclays from $75.00 to $68.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s target price points to a potential upside of 24.46% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company upped their price target 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 Hexcel to a “hold” rating in a report on Monday, February 24th. Truist Financial cut their price target on Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday. Royal Bank of Canada increased their target price on shares of 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and an average target price of $72.25.

Hexcel Stock Down 0.2 %

Shares of NYSE:HXL traded down $0.13 during trading on Tuesday, hitting $54.64. 54,320 shares of the company were exchanged, compared to its average volume of 949,880. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 1.72 and a beta of 1.30. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel has a fifty-two week low of $53.97 and a fifty-two week high of $73.58. The firm has a fifty day moving average price of $62.00 and a two-hundred day moving average price of $62.14.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting 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, research analysts anticipate that Hexcel will post 2.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HXL. FMR LLC boosted its position in shares of Hexcel by 11.7% in the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after acquiring an additional 8,135 shares during the period. Glenmede Trust Co. NA boosted its holdings in Hexcel by 6.0% in the 3rd quarter. Glenmede Trust Co. NA now owns 10,375 shares of the aerospace company’s stock valued at $641,000 after purchasing an additional 587 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of Hexcel by 588.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 205,458 shares of the aerospace company’s stock valued at $12,704,000 after purchasing an additional 175,608 shares in the last quarter. Captrust Financial Advisors raised its position in shares of Hexcel by 54.5% in the third quarter. Captrust Financial Advisors now owns 24,998 shares of the aerospace company’s stock worth $1,546,000 after buying an additional 8,821 shares in the last quarter. Finally, Kestra Investment Management LLC purchased a new position in Hexcel in the 3rd quarter worth approximately $270,000. Institutional investors own 95.47% of the company’s stock.

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.