Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Hexcel (HXL) yesterday and set a price target of $75. The company’s shares closed yesterday at $70.95, close to its 52-week high of $73.42.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 14.1% and a 76.9% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Hexcel has an analyst consensus of Strong Buy, with a price target consensus of $81, a 14.2% upside from current levels. In a report issued on April 25, Canaccord Genuity also maintained a Buy rating on the stock with a $82 price target.
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Based on Hexcel’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $72.2 million. In comparison, last year the company had a net profit of $61.6 million.
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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, and Engineered Products.
