Hexcel Corp. (NYSE:HXL) shares traded 0.07% higher at $72.85 on Wall Street last session.
HXL stock price is now 1.11% away from the 50-day moving average and 3.50% away from the 200-day moving average. The market capitalization of the company currently stands at $6.15B.
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With the price target reduced from $70 to $66, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for Hexcel Corp. (NYSE: HXL). , while ‘Truist’ rates the stock as ‘Buy’
In other news, Fitzsimons Gina, insider sold 864 shares of the company’s stock on Feb 14 ’24. The stock was sold for $62,294 at an average price of $72.10. Upon completion of the transaction, the insider now directly owns 3,375 shares in the company, valued at $0.25 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09 ’24, Merlot Thierry sold 4,500 shares of the business’s stock. A total of $322,335 was realized by selling the stock at an average price of $71.63. This leaves the insider owning 50,371 shares of the company worth $3.67 million. A total of 0.64% of the company’s stock is owned by insiders.
During the past 12 months, Hexcel Corp. has had a low of $58.81 and a high of $79.08. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 2.74, and a quick ratio of 1.68. According to the stock market information, the enterprise value for the company is $6.52B, which is based on a 59.11 price-to-earnings ratio, a 2.34 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for HXL is $72.05 and a two-hundred day moving average price translates $70.39 for the stock.
The latest earnings results from Hexcel Corp. (NYSE: HXL) was released for Dec, 2023. According to the Aerospace & Defense Company, earnings per share came in at $0.43, missing analysts’ expectations of $0.49 by -0.06. This compares to $0.44 EPS in the same period last year. The net profit margin was 5.91% and return on equity was 6.46% for HXL. The company reported revenue of $457.5 million for the quarter, compared to $429.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.54 percent. For the current quarter, analysts expect HXL to generate $479.13M in revenue.
