Hexcel (NYSE:HXL) Price Target Cut to $63.00 by Analysts at Deutsche Bank Aktiengesellschaft

Hexcel (NYSE:HXL) had its price objective reduced by Deutsche Bank Aktiengesellschaft from $64.00 to $63.00 in a report issued on Friday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the aerospace company’s stock.

A number of other research analysts have also commented on the stock. Wells Fargo & Company upped their price target on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Truist Financial lowered their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. UBS Group boosted 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. Morgan Stanley lowered their price objective on Hexcel from $63.00 to $61.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd. Finally, Vertical Research cut shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price for the company. in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.54.

Hexcel Stock Performance

HXL opened at $58.84 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. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The business has a 50 day moving average of $61.40 and a 200-day moving average of $64.10. The stock has a market cap of $4.77 billion, a price-to-earnings ratio of 44.92, a PEG ratio of 1.40 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business had revenue of $457.00 million during the quarter, compared to the consensus estimate of $457.07 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s quarterly revenue was up 8.9% on a year-over-year basis. On average, equities research analysts expect that Hexcel will post 2.04 earnings per share for the current year.

Hexcel Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. Hexcel’s dividend payout ratio is 45.80%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HXL. Atria Investments Inc boosted its holdings in shares of Hexcel by 92.1% in the 3rd quarter. Atria Investments Inc now owns 16,334 shares of the aerospace company’s stock valued at $1,010,000 after purchasing an additional 7,829 shares in the last quarter. Assetmark Inc. lifted its position in shares of Hexcel by 18.0% during the 3rd quarter. Assetmark Inc. now owns 2,462 shares of the aerospace company’s stock worth $152,000 after buying an additional 375 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Hexcel in the third quarter valued at about $56,000. Leeward Investments LLC MA grew its position in Hexcel by 32.2% in the third quarter. Leeward Investments LLC MA now owns 316,150 shares of the aerospace company’s stock valued at $19,548,000 after acquiring an additional 77,092 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Hexcel by 52.4% during the third quarter. Van ECK Associates Corp now owns 8,081 shares of the aerospace company’s stock worth $507,000 after acquiring an additional 2,780 shares in the last quarter. 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.