Royal Bank of Canada initiated coverage on shares of Hexcel (NYSE:HXL) in a research report released on Friday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $52.00 price objective on the aerospace company’s stock.

HXL has been the topic of a number of other reports. Loop Capital lowered their price target on Hexcel from $50.00 to $33.00 and set a hold rating on the stock in a report on Monday, April 27th. Bank of America restated an underperform rating and set a $35.00 target price on shares of Hexcel in a research note on Monday, April 13th. Alembic Global Advisors started coverage on shares of Hexcel in a report on Friday, May 22nd. They set a neutral rating and a $29.00 price target on the stock. BMO Capital Markets raised shares of Hexcel from a market perform rating to an outperform rating and boosted their price objective for the company from $45.00 to $55.00 in a report on Friday, June 5th. Finally, Barclays lowered their price objective on shares of Hexcel from $35.00 to $27.00 and set an equal weight rating on the stock in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $44.24.

Shares of NYSE HXL opened at $47.00 on Friday. The firm’s 50 day moving average price is $38.18 and its 200-day moving average price is $53.22. Hexcel has a 52-week low of $24.54 and a 52-week high of $87.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.21 and a current ratio of 3.36. The company has a market cap of $3.67 billion, a PE ratio of 14.55, a P/E/G ratio of 6.18 and a beta of 1.22.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Monday, April 20th. The aerospace company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.07). Hexcel had a return on equity of 19.92% and a net margin of 12.10%. The firm 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 firm earned $0.84 earnings per share. Hexcel’s revenue was down 11.3% on a year-over-year basis. On average, analysts forecast that Hexcel will post 1.26 earnings per share for the current fiscal year.

In other news, insider Thierry Merlot sold 10,810 shares of the business’s stock in a transaction on Monday, June 1st. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in Hexcel by 74.1% during the first quarter. Royal Bank of Canada now owns 651,741 shares of the aerospace company’s stock valued at $24,237,000 after purchasing an additional 277,437 shares during the period. Guggenheim Capital LLC lifted its position in shares of Hexcel by 42.1% during the 1st quarter. Guggenheim Capital LLC now owns 27,346 shares of the aerospace company’s stock valued at $1,009,000 after buying an additional 8,104 shares in the last quarter. State of Tennessee Treasury Department lifted its position in shares of Hexcel by 10.3% during the 1st quarter. State of Tennessee Treasury Department now owns 30,336 shares of the aerospace company’s stock valued at $1,128,000 after buying an additional 2,837 shares in the last quarter. Phoenix Holdings Ltd. bought a new position in shares of Hexcel during the 1st quarter valued at approximately $232,000. Finally, Maverick Capital Ltd. increased its holdings in Hexcel by 111.2% in the 1st quarter. Maverick Capital Ltd. now owns 51,309 shares of the aerospace company’s stock worth $1,908,000 after acquiring an additional 27,018 shares in the last quarter. 95.64% of the stock is currently owned by institutional investors.

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.

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Analyst Recommendations for Hexcel (NYSE:HXL)

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