Deutsche Bank Aktiengesellschaft Cuts Hexcel (NYSE:HXL) Price Target to $60.00

Hexcel (NYSE:HXL) had its target price lowered by analysts at Deutsche Bank Aktiengesellschaft from $63.00 to $60.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential downside of 1.96% from the stock’s previous close.

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

Hexcel Price Performance

NYSE:HXL opened at $61.20 on Thursday. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76. The firm’s 50-day simple moving average is $60.97 and its 200 day simple moving average is $63.66. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 46.72, a P/E/G ratio of 1.73 and a beta of 1.30.

Hexcel (NYSE:HXL) last announced its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The firm had revenue of $457.00 million for the quarter, compared to analyst estimates of $457.07 million. During the same quarter in the prior year, the business posted $0.38 EPS. The business’s revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts predict that Hexcel will post 2.02 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HXL. True Wealth Design LLC acquired a new position in Hexcel in the 3rd quarter worth about $30,000. Capital Performance Advisors LLP bought a new stake in shares of Hexcel during the third quarter worth about $56,000. First Horizon Advisors Inc. increased its stake in shares of 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 buying an additional 326 shares during the period. Huntington National Bank raised its holdings in Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after buying an additional 225 shares during the last quarter. Finally, Eastern Bank acquired a new stake in Hexcel during the 3rd quarter worth approximately $62,000. 95.47% of the stock is currently owned by institutional investors.

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.