Wells Fargo analyst Matthew Akers maintained a Buy rating on Hexcel (HXL – Research Report) today and set a price target of $89.00. The company’s shares closed yesterday at $61.83.
According to TipRanks, Akers is a top 100 analyst with an average return of 28.5% and an 87.68% success rate. Akers covers the Industrials sector, focusing on stocks such as Boeing, Hexcel, and GE Aerospace.
Currently, the analyst consensus on Hexcel is a Hold with an average price target of $73.11.
HXL market cap is currently $5.05B and has a P/E ratio of 48.57.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HXL in relation to earlier this year. Most recently, in August 2024, Gail Lehman, the EVP, GC and Secretary of HXL sold 4,800.00 shares for a total of $303,744.00.
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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.
