Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Hexcel (NYSE:HXL) Stock Price

Hexcel (NYSE:HXL) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $63.00 to $60.00 in a research report released on Thursday morning,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the aerospace company’s stock.

Several other analysts have also recently issued reports on the stock. StockNews.com upgraded Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Truist Financial dropped their price target on Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a research note on Thursday, October 10th. BMO Capital Markets dropped their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research report on Monday, October 28th. Finally, Wells Fargo & Company lifted their price target on shares of Hexcel from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $71.31.

Hexcel Stock Performance

NYSE HXL opened at $61.19 on Thursday. The business’s 50-day moving average price is $60.97 and its 200 day moving average price is $63.61. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09. The company has a market capitalization of $4.96 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 1.76 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced 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 period in the prior year, the firm posted $0.38 EPS. The company’s revenue was up 8.9% on a year-over-year basis. On average, research analysts predict that Hexcel will post 2.02 earnings per share for the current year.

Hexcel Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a dividend of $0.15 per share. The ex-dividend date was Friday, November 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.98%. Hexcel’s dividend payout ratio is presently 45.80%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. True Wealth Design LLC acquired a new position in shares of Hexcel in the 3rd quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new stake in shares of Hexcel in the third quarter worth $56,000. First Horizon Advisors Inc. raised its holdings in 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 acquiring an additional 326 shares in the last quarter. Huntington National Bank boosted its stake in Hexcel by 30.8% during the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 225 shares during the last quarter. Finally, Eastern Bank acquired a new position in Hexcel during the 3rd quarter worth $62,000. Hedge funds and other 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.