Stock Buzzer: Is Hexcel Corporation a Buy? The Stock Reaches 52-Week High Today

Stock Buzzer: Is Hexcel Corporation a Buy? The Stock Reaches 52 Week High Today

The stock of Hexcel Corporation (NYSE:HXL) hit a new 52-week high and has $79.43 target or 62.00% above today’s $49.03 share price. The 8 months bullish chart indicates low risk for the $4.53B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $79.43 price target is reached, the company will be worth $2.81 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 134,238 shares traded hands. Hexcel Corporation (NYSE:HXL) has risen 7.61% since April 19, 2016 and is uptrending. It has outperformed by 3.75% the S&P500.

Hexcel Corporation (NYSE:HXL) Ratings Coverage

Out of 8 analysts covering Hexcel (NYSE:HXL), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. Hexcel has been the topic of 13 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Deutsche Bank on Tuesday, August 4. The company was downgraded on Friday, July 29 by Bank of America. The firm has “Buy” rating given on Wednesday, October 21 by Deutsche Bank. The stock has “Neutral” rating given by Goldman Sachs on Monday, January 4. The stock of Hexcel Corporation (NYSE:HXL) earned “Hold” rating by Canaccord Genuity on Monday, January 25. The stock has “Neutral” rating given by Credit Suisse on Friday, January 22. The company was maintained on Monday, January 25 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Friday, September 25. RBC Capital Markets maintained the shares of HXL in a report on Wednesday, October 21 with “Outperform” rating. The firm has “Buy” rating given on Thursday, December 10 by BB&T Capital.

According to Zacks Investment Research, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets.”

Insitutional Activity: The institutional sentiment decreased to 0.94 in Q2 2016. Its down 0.11, from 1.05 in 2016Q1. The ratio fall, as 13 funds sold all Hexcel Corporation shares owned while 103 reduced positions. 32 funds bought stakes while 90 increased positions. They now own 86.93 million shares or 0.13% less from 87.04 million shares in 2016Q1.
Citigroup holds 0% of its portfolio in Hexcel Corporation (NYSE:HXL) for 334 shares. Brown Brothers Harriman accumulated 177 shares or 0% of the stock. State Board Of Administration Of Florida Retirement Systems last reported 99,251 shares in the company. Panagora Asset Mgmt last reported 0% of its portfolio in the stock. Tdam Usa owns 46,691 shares or 0.1% of their US portfolio. Suffolk Capital Mngmt Llc last reported 181,707 shares in the company. Schwab Charles Invest holds 0.02% of its portfolio in Hexcel Corporation (NYSE:HXL) for 373,176 shares. Cim Limited Co accumulated 10,952 shares or 0.23% of the stock. Capstone Inv Advisors Ltd Liability holds 21,905 shares or 0.02% of its portfolio. North Star Investment Mgmt owns 86 shares or 0% of their US portfolio. Guardian Commerce holds 3.24 million shares or 1.04% of its portfolio. Da Davidson Company reported 9,310 shares or 0.01% of all its holdings. Federated Invsts Pa last reported 0% of its portfolio in the stock. Moreover, Ameritas Inv Prtn has 0.08% invested in Hexcel Corporation (NYSE:HXL) for 29,300 shares. Bb&T Ltd Liability Corp last reported 9,962 shares in the company.

Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 5 insider sales for $1.44 million net activity. Hennemuth Robert George also sold $112,275 worth of Hexcel Corporation (NYSE:HXL) on Friday, September 9. 1,188 Hexcel Corporation (NYSE:HXL) shares with value of $52,830 were sold by Hill David Charles. Merlot Thierry sold 8,600 shares worth $387,058. Swords Timothy sold $751,544 worth of stock or 16,699 shares.

More news for Hexcel Corporation (NYSE:HXL) were recently published by: Fool.com, which released: “Shares of Hexcel Corporation Take Off After Strong Fourth-Quarter Results” on January 22, 2016. Globenewswire.com‘s article titled: “Oxford Performance Materials Announces Strategic Investment from Hexcel …” and published on May 31, 2016 is yet another important article.

HXL Company Profile

Hexcel Corporation, incorporated on March 2, 1983, is a composites company. The Firm develops, makes and markets structural materials, including carbon fibers, reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. The Firm operates through two divisions, including Composite Materials and Engineered Products. The Company’s products are used in a range of end applications, such as commercial and military aircraft, space launch vehicles and satellites, wind turbine blades, automotive, recreational products and other industrial applications. It uses independent distributors and maker representatives to sell and market its products. It operates in the Americas, Europe, Asia Pacific and Russia.

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