Wells Fargo analyst Matthew Akers maintained a Buy rating on Hexcel (HXL – Research Report) today and set a price target of $95.00. The company’s shares closed yesterday at $72.44.
According to TipRanks, Akers is a 5-star analyst with an average return of 24.5% and an 84.35% success rate. Akers covers the Industrials sector, focusing on stocks such as GE Aerospace, Raytheon Technologies, and Hexcel.
The word on The Street in general, suggests a Hold analyst consensus rating for Hexcel with a $75.69 average price target.
Based on Hexcel’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $472.3 million and a net profit of $36.5 million. In comparison, last year the company earned a revenue of $457.7 million and had a net profit of $42.7 million
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HXL in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Hexcel (HXL) Company Description:
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.
Read More on HXL:
- Lululemon initiated, Block upgraded: Wall Street’s top analyst calls
- Wells Fargo upgrades Hexcel to Overweight, raises price target to $95
- Hexcel upgraded to Overweight from Equal Weight at Wells Fargo
- Hexcel Board Expansion and Strong Shareholder Governance
- Hexcel price target lowered to $70 from $71 at Deutsche Bank
