Barclays analyst David E. Strauss maintained a Hold rating on Hexcel (HXL – Research Report) on October 31 and set a price target of $64.00. The company’s shares closed yesterday at $56.59.
E. Strauss covers the Technology sector, focusing on stocks such as General Dynamics, Hexcel, and Huntington Ingalls. According to TipRanks, E. Strauss has an average return of 0.5% and a 55.00% success rate on recommended stocks.
Currently, the analyst consensus on Hexcel is a Hold with an average price target of $61.44, an 8.57% upside from current levels. In a report released yesterday, BMO Capital also maintained a Hold rating on the stock with a $61.00 price target.
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Based on Hexcel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $364.7 million and a net profit of $26.8 million. In comparison, last year the company earned a revenue of $333.8 million and had a net profit of $9 million
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HXL in relation to earlier this year.
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Hexcel Corp. engages in the development, manufacture, and market of advanced composite materials for the commercial aerospace, space and defense, and industrial markets. It operates through the following segments: Composite Materials; Engineered Products; and Corporate and Other. The Composite Materials segment comprises of carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles. The Engineered Products segment consists of lightweight high strength composite structures, engineered core and honeycomb products with added functionality, and additive manufacturing. The company was founded by Roger C. Steele and Roscoe T. Hughes in 1946 and is headquartered in Stamford, CT.
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