Brokerages Set Hexcel Co. (NYSE:HXL) Target Price at $73.09

Shares of Hexcel Co. (NYSE:HXL) have been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $73.09.

A number of analysts have issued reports on the company. UBS Group raised their target price on Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. TD Cowen raised Hexcel to a “hold” rating in a research report on Thursday, December 19th. Royal Bank of Canada raised their target price on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Wells Fargo & Company lifted their price target on Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, BMO Capital Markets reduced their price target on Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th.

Institutional Investors Weigh In On Hexcel

Several large investors have recently added to or reduced their stakes in HXL. CWM LLC boosted its stake in Hexcel by 29.7% during the third quarter. CWM LLC now owns 17,131 shares of the aerospace company’s stock valued at $1,059,000 after buying an additional 3,922 shares during the period. Inspire Investing LLC boosted its stake in Hexcel by 19.7% during the third quarter. Inspire Investing LLC now owns 6,682 shares of the aerospace company’s stock valued at $413,000 after buying an additional 1,098 shares during the period. nVerses Capital LLC boosted its stake in Hexcel by 28.6% during the third quarter. nVerses Capital LLC now owns 5,400 shares of the aerospace company’s stock valued at $334,000 after buying an additional 1,200 shares during the period. Blue Trust Inc. boosted its stake in Hexcel by 18.3% during the third quarter. Blue Trust Inc. now owns 5,704 shares of the aerospace company’s stock valued at $356,000 after buying an additional 884 shares during the period. Finally, Raymond James & Associates lifted its stake in Hexcel by 13.0% during the third quarter. Raymond James & Associates now owns 110,521 shares of the aerospace company’s stock worth $6,833,000 after purchasing an additional 12,704 shares during the last quarter. Institutional investors own 95.47% of the company’s stock.

Hexcel Stock Performance

Shares of HXL opened at $64.09 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The stock has a 50 day moving average of $64.91 and a 200 day moving average of $62.79. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 40.31, a PEG ratio of 1.92 and a beta of 1.31.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, sell-side analysts forecast that Hexcel will post 2.16 earnings per share for the current year.

Hexcel Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Friday, February 7th were paid a dividend of $0.17 per share. This is a positive change from Hexcel’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, February 7th. This represents a $0.68 annualized dividend and a yield of 1.06%. Hexcel’s dividend payout ratio (DPR) is currently 42.77%.

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.