Hexcel (NYSE:HXL) Coverage Initiated at Seaport Global Securities

Seaport Global Securities started coverage on shares of Hexcel (NYSE:HXL) in a research report report published on Tuesday, BenzingaRatingsTable reports. The firm issued a buy rating and a $52.00 price target on the aerospace company’s stock. Seaport Global Securities also issued estimates for Hexcel’s Q2 2020 earnings at $0.13 EPS, Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.35 EPS, FY2020 earnings at $1.31 EPS, Q1 2021 earnings at $0.38 EPS, Q2 2021 earnings at $0.42 EPS, Q3 2021 earnings at $0.47 EPS, Q4 2021 earnings at $0.51 EPS, FY2021 earnings at $1.78 EPS, Q1 2022 earnings at $0.66 EPS, Q2 2022 earnings at $0.68 EPS and FY2022 earnings at $2.86 EPS.

A number of other brokerages also recently issued reports on HXL. Barclays cut their price objective on Hexcel from $35.00 to $27.00 and set an equal weight rating for the company in a research report on Wednesday, April 22nd. Credit Suisse Group lifted their price target on shares of Hexcel from $34.00 to $52.00 and gave the company an outperform rating in a research report on Thursday, June 11th. Loop Capital decreased their price objective on shares of Hexcel from $50.00 to $33.00 and set a hold rating on the stock in a report on Monday, April 27th. Goldman Sachs Group reiterated a neutral rating and issued a $30.00 target price on shares of Hexcel in a report on Wednesday, April 15th. Finally, UBS Group decreased their price target on Hexcel from $68.00 to $32.00 and set a neutral rating on the stock in a research note on Friday, April 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the stock. Hexcel currently has an average rating of Hold and a consensus price target of $45.33.

Shares of NYSE HXL opened at $41.61 on Tuesday. The company has a market capitalization of $3.70 billion, a P/E ratio of 12.88, a P/E/G ratio of 6.17 and a beta of 1.26. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.36 and a quick ratio of 2.21. The company has a 50 day simple moving average of $41.63 and a 200-day simple moving average of $51.45. Hexcel has a 1 year low of $24.54 and a 1 year high of $87.00.

Hexcel (NYSE:HXL) last issued its quarterly earnings data on Monday, April 20th. The aerospace company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.07). Hexcel had a return on equity of 19.92% and a net margin of 12.10%. The business had revenue of $541.00 million during the quarter, compared to analysts’ expectations of $557.29 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. As a group, research analysts expect that Hexcel will post 1.28 EPS for the current year.

In other Hexcel news, insider Thierry Merlot sold 10,810 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $36.44, for a total transaction of $393,916.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.30% of the company’s stock.

A number of institutional investors have recently modified their holdings of HXL. Squarepoint Ops LLC grew its holdings in Hexcel by 254.9% during the 1st quarter. Squarepoint Ops LLC now owns 49,176 shares of the aerospace company’s stock worth $1,829,000 after acquiring an additional 35,318 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of Hexcel by 42.1% in the 1st quarter. Guggenheim Capital LLC now owns 27,346 shares of the aerospace company’s stock valued at $1,009,000 after purchasing an additional 8,104 shares in the last quarter. Treasurer of the State of North Carolina lifted its position in shares of Hexcel by 64.3% during the 1st quarter. Treasurer of the State of North Carolina now owns 35,609 shares of the aerospace company’s stock worth $1,324,000 after purchasing an additional 13,940 shares during the last quarter. State of Tennessee Treasury Department grew its stake in shares of Hexcel by 10.3% during the first quarter. State of Tennessee Treasury Department now owns 30,336 shares of the aerospace company’s stock worth $1,128,000 after purchasing an additional 2,837 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Hexcel by 3.3% in the first quarter. Geode Capital Management LLC now owns 920,951 shares of the aerospace company’s stock valued at $34,250,000 after buying an additional 29,367 shares during the last quarter. Institutional investors own 95.64% of the company’s stock.

Hexcel Company Profile

Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in cars, boats, and trains.

Recommended Story: What is quantitative easing?

Analyst Recommendations for Hexcel (NYSE:HXL)

Receive News & Ratings for Hexcel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel and related companies with MarketBeat.com's FREE daily email newsletter.