Wells Fargo & Company Issues Pessimistic Forecast for Hexcel (NYSE:HXL) Stock Price

Hexcel (NYSE:HXL) had its target price reduced by equities research analysts at Wells Fargo & Company from $87.00 to $63.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the aerospace company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 32.95% from the company’s current price.

Other research analysts have also issued reports about the company. Barclays decreased their target price on Hexcel from $75.00 to $68.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Royal Bank of Canada increased their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research report on Monday, February 24th. Truist Financial dropped their price target on Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a report on Friday, March 28th. Finally, StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $70.25.

Hexcel Stock Performance

Shares of HXL traded down $0.32 during midday trading on Tuesday, reaching $47.39. The stock had a trading volume of 1,518,158 shares, compared to its average volume of 971,005. The firm has a market cap of $3.81 billion, a PE ratio of 29.80, a P/E/G ratio of 1.72 and a beta of 1.08. The firm has a 50 day simple moving average of $60.32 and a 200-day simple moving average of $61.82. Hexcel has a one year low of $45.28 and a one year high of $73.58. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, sell-side analysts anticipate that Hexcel will post 2.14 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Hexcel by 1.4% in the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock valued at $926,000 after purchasing an additional 202 shares in the last quarter. Huntington National Bank lifted its position in shares of Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after buying an additional 204 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after buying an additional 206 shares during the last quarter. Insigneo Advisory Services LLC boosted its stake in Hexcel by 4.5% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company’s stock valued at $318,000 after buying an additional 218 shares in the last quarter. Finally, Treasurer of the State of North Carolina grew its position in Hexcel by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock valued at $2,243,000 after acquiring an additional 220 shares during the last quarter. 95.47% of the stock is owned by institutional investors.

Hexcel Company Profile

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.