Hexcel Corporation (HXL) stock is expected to deviate a maximum of $5.63 from the average target price of $48.5 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $56 and the most muted being $39.
Hexcel Corporation (HXL) : 7 analysts are covering Hexcel Corporation (HXL) and their average rating on the stock is 2.14, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Bank of America downgrades their rating on the shares of Hexcel Corporation (NYSE:HXL). The current rating of the shares is Neutral. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on July 29, 2016.
Hexcel Corporation (NYSE:HXL): The stock opened at $44.76 on Thursday but the bulls could not build on the opening and the stock topped out at $44.92 for the day. The stock traded down to $44.19 during the day, due to lack of any buying support eventually closed down at $44.84 with a loss of -0.02% for the day. The stock had closed at $44.85 on the previous day. The total traded volume was 420,046 shares.
Hexcel Corporation (Hexcel) is a composites company. The Company develops, manufactures and markets lightweight, structural materials, including carbon fibers, specialty 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 Company operates in two segments: Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems and laminates. The Engineered Products segment manufactures and markets composite structures and precision machined honeycomb parts for use in the aerospace industry.