Hexcel (NYSE:HXL) had its target price boosted by research analysts at BMO Capital Markets to $84.00 in a report released on Wednesday, The Fly reports. The firm presently has an “outperform” rating on the aerospace company’s stock. BMO Capital Markets’ target price would indicate a potential upside of 14.54% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Loop Capital lowered Hexcel from a “buy” rating to a “hold” rating and set a $71.57 target price on the stock. in a research note on Wednesday, March 6th. Cowen restated a “buy” rating and set a $66.00 price objective on shares of Hexcel in a research note on Wednesday, January 23rd. Bank of America restated a “buy” rating and set a $90.00 price objective (up previously from $80.00) on shares of Hexcel in a research note on Friday, April 26th. ValuEngine upgraded Hexcel from a “hold” rating to a “buy” rating in a research note on Wednesday, January 30th. Finally, Zacks Investment Research upgraded Hexcel from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research note on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $77.06.

Shares of NYSE HXL opened at $73.34 on Wednesday. The company has a market cap of $6.07 billion, a PE ratio of 24.05, a PEG ratio of 2.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.28 and a current ratio of 2.24. Hexcel has a 1-year low of $53.50 and a 1-year high of $75.00.

Hexcel (NYSE:HXL) last announced its earnings results on Tuesday, April 23rd. The aerospace company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.06. The company had revenue of $609.90 million for the quarter, compared to analyst estimates of $590.13 million. Hexcel had a return on equity of 20.63% and a net margin of 12.71%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 earnings per share. Equities research analysts predict that Hexcel will post 3.46 earnings per share for the current year.

In other Hexcel news, insider Timothy Swords sold 20,395 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $70.86, for a total transaction of $1,445,189.70. Following the transaction, the insider now owns 16,839 shares in the company, valued at approximately $1,193,211.54. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Thierry Merlot sold 5,336 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $71.87, for a total value of $383,498.32. Following the transaction, the insider now owns 48,532 shares in the company, valued at approximately $3,487,994.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,698 shares of company stock worth $2,469,248. Corporate insiders own 1.40% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Cascade Investment Advisors Inc. acquired a new stake in shares of Hexcel in the 4th quarter valued at $29,000. CWM LLC boosted its holdings in shares of Hexcel by 139.6% in the 4th quarter. CWM LLC now owns 520 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 303 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Hexcel by 51.7% in the 4th quarter. Whittier Trust Co. now owns 531 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 181 shares in the last quarter. Zions Bancorporation N.A. acquired a new stake in shares of Hexcel in the 1st quarter valued at $45,000. Finally, Pennsylvania Trust Co acquired a new stake in shares of Hexcel in the 1st quarter valued at $255,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.

About Hexcel

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.

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Analyst Recommendations for Hexcel (NYSE:HXL)

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