The stock of Hexcel Corporation (NYSE:HXL) hit a new 52-week high and has $54.06 target or 5.00% above today’s $51.49 share price. The 7 months bullish chart indicates low risk for the $4.74B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $54.06 price target is reached, the company will be worth $237.00M 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 225,562 shares traded hands. Hexcel Corporation (NYSE:HXL) has risen 14.97% since April 25, 2016 and is uptrending. It has outperformed by 8.95% the S&P500.
Analysts await Hexcel Corporation (NYSE:HXL) to report earnings on January, 19. They expect $0.63 earnings per share, up 12.50% or $0.07 from last year’s $0.56 per share. HXL’s profit will be $58.00M for 20.43 P/E if the $0.63 EPS becomes a reality. After $0.65 actual earnings per share reported by Hexcel Corporation for the previous quarter, Wall Street now forecasts -3.08% negative EPS growth.
Hexcel Corporation (NYSE:HXL) Ratings Coverage
Out of 9 analysts covering Hexcel (NYSE:HXL), 4 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 44% are positive. $60 is the highest target while $44 is the lowest. The $51 average target is -0.95% below today’s ($51.49) stock price. Hexcel has been the topic of 14 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Thursday, December 10 by BB&T Capital. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, September 25. Goldman Sachs downgraded the stock to “Neutral” rating in Monday, January 4 report. Credit Suisse initiated the shares of HXL in a report on Friday, January 22 with “Neutral” rating. Canaccord Genuity maintained it with “Hold” rating and $48.0 target price in Monday, January 25 report. The company was maintained on Monday, January 25 by RBC Capital Markets. Deutsche Bank maintained it with “Buy” rating and $55 target price in Tuesday, August 4 report. The firm has “Neutral” rating by Bank of America given on Friday, July 29. The stock of Hexcel Corporation (NYSE:HXL) earned “Buy” rating by Deutsche Bank on Wednesday, October 21. The stock of Hexcel Corporation (NYSE:HXL) earned “Outperform” rating by RBC Capital Markets on Wednesday, October 21.
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 turned negative, 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.
Parkside Bankshares And Tru last reported 325 shares in the company. Markston International Ltd Liability holds 0.01% of its portfolio in Hexcel Corporation (NYSE:HXL) for 2,600 shares. Deutsche Commercial Bank Ag holds 389,877 shares or 0.01% of its portfolio. Whittier, a California-based fund reported 350 shares. Bancorp Of Montreal Can accumulated 196,612 shares or 0.01% of the stock. Cipher Lp last reported 11,589 shares in the company. Schroder Investment has 1.48M shares for 0.12% of their US portfolio. Nomura reported 5,282 shares or 0% of all its holdings. Us Retail Bank De owns 24,151 shares or 0% of their US portfolio. Seaward Mngmt Partnership holds 33,140 shares or 0.08% of its portfolio. Moreover, Aberdeen Asset Mngmt Plc Uk has 0.01% invested in Hexcel Corporation (NYSE:HXL) for 69,798 shares. The California-based Ascend Cap Ltd Com has invested 0.34% in Hexcel Corporation (NYSE:HXL). Kbc Group Inc Nv owns 2,051 shares or 0% of their US portfolio. Jefferies Group Incorporated Lc accumulated 0% or 5,541 shares. Cap Guardian holds 1.04% of its portfolio in Hexcel Corporation (NYSE:HXL) for 3.24M shares.
Insider Transactions: Since August 5, 2016, the stock had 0 insider purchases, and 6 selling transactions for $1.84 million net activity. Shares for $751,544 were sold by Swords Timothy on Wednesday, November 2. The insider Merlot Thierry sold 8,600 shares worth $387,058. Hill David Charles sold $52,830 worth of Hexcel Corporation (NYSE:HXL) on Friday, August 5. Another trade for 3,000 shares valued at $141,000 was sold by Hennemuth Robert George.
More recent Hexcel Corporation (NYSE:HXL) news were published by: Seekingalpha.com which released: “Hexcel Corp. – Classic Cup Handle For A Classic Company” on November 25, 2016. Also Fool.com published the news titled: “Shares of Hexcel Corporation Take Off After Strong Fourth-Quarter Results” on January 22, 2016. Globenewswire.com‘s news article titled: “Oxford Performance Materials Announces Strategic Investment from Hexcel …” with publication date: May 31, 2016 was also an interesting one.
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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