Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Hexcel (HXL) today and set a price target of $85. The company’s shares opened today at $80.60, close to its 52-week high of $82.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 14.3% and a 74.4% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as L3Harris Technologies Inc, Transdigm Group Inc, and Huntington Ingalls.
Hexcel has an analyst consensus of Moderate Buy, with a price target consensus of $80.89, implying a 0.4% upside from current levels. In a report issued on July 9, KeyBanc also reiterated a Buy rating on the stock with a $86 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 $68.8 million.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Last month, Kimberly Hendricks, the SVP, Corp. Controller & CAO of HXL sold 3,500 shares for a total of $266,000.
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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; Engineered Products; and Corporate and Other.
