What’s Propelling Hexcel Corporation (HXL) to Reach 52-Week High?

January 20, 2018 - By Richard Conner

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It worsened, as 23 investors sold Hexcel Corporation shares while 97 reduced holdings. 31 funds opened positions while 97 raised stakes. 80.81 million shares or 0.27% less from 81.03 million shares in 2017Q2 were reported.
Credit Agricole S A reported 29,000 shares. Robecosam Ag holds 1.45% or 328,200 shares in its portfolio. Peoples Fin Service Corporation stated it has 100 shares or 0% of all its holdings. Rmb Mngmt Ltd Liability Company has invested 0.04% of its portfolio in Hexcel Corporation (NYSE:HXL). Gofen And Glossberg Ltd Liability Company Il, Illinois-based fund reported 8,040 shares. Amp Capital Invsts invested in 16,590 shares or 0.01% of the stock. Cwm Limited Liability Com accumulated 0% or 173 shares. D E Shaw & Incorporated has invested 0.01% in Hexcel Corporation (NYSE:HXL). Midas holds 23,500 shares. Qs Invsts Ltd invested in 11 shares or 0% of the stock. Barclays Pcl accumulated 6,801 shares or 0% of the stock. Utah Retirement Systems accumulated 0.02% or 16,400 shares. Jpmorgan Chase & invested in 315,946 shares or 0% of the stock. Public Employees Retirement Association Of Colorado invested in 0.01% or 18,040 shares. Eaton Vance Mgmt holds 0.2% of its portfolio in Hexcel Corporation (NYSE:HXL) for 1.37 million shares.

Since October 23, 2017, it had 0 buys, and 5 insider sales for $5.03 million activity. Hendricks Kimberly A. sold $165,222 worth of stock.

The stock of Hexcel Corporation (NYSE:HXL) hit a new 52-week high and has $71.04 target or 9.00 % above today’s $65.17 share price. The 6 months bullish chart indicates low risk for the $5.85B company. The 1-year high was reported on Jan, 20 by Barchart.com. If the $71.04 price target is reached, the company will be worth $526.86 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.76% or $0.49 during the last trading session, reaching $65.17. About 610,759 shares traded or 5.55% up from the average. Hexcel Corporation (NYSE:HXL) has risen 15.53% since January 20, 2017 and is uptrending. It has underperformed by 1.17% the S&P500.

Analysts await Hexcel Corporation (NYSE:HXL) to report earnings on January, 24. They expect $0.69 earnings per share, up 7.81 % or $0.05 from last year’s $0.64 per share. HXL’s profit will be $61.98M for 23.61 P/E if the $0.69 EPS becomes a reality. After $0.71 actual earnings per share reported by Hexcel Corporation for the previous quarter, Wall Street now forecasts -2.82 % negative EPS growth.

Hexcel Corporation (NYSE:HXL) Ratings Coverage

Among 15 analysts covering Hexcel (NYSE:HXL), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Hexcel had 38 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Monday, October 23 by Canaccord Genuity. Jefferies maintained it with “Hold” rating and $62.0 target in Tuesday, December 12 report. Jefferies maintained the shares of HXL in report on Tuesday, July 25 with “Hold” rating. The firm has “Hold” rating by Jefferies given on Friday, September 29. KeyBanc Capital Markets maintained Hexcel Corporation (NYSE:HXL) on Friday, October 20 with “Overweight” rating. The stock of Hexcel Corporation (NYSE:HXL) earned “Neutral” rating by Goldman Sachs on Monday, January 4. Bank of America downgraded Hexcel Corporation (NYSE:HXL) on Friday, July 29 to “Neutral” rating. The stock of Hexcel Corporation (NYSE:HXL) earned “Buy” rating by KeyBanc Capital Markets on Friday, September 1. The rating was maintained by KeyBanc Capital Markets on Thursday, October 12 with “Buy”. The company was maintained on Tuesday, August 4 by Deutsche Bank.

Another recent and important Hexcel Corporation (NYSE:HXL) news was published by Globenewswire.com which published an article titled: “Hexcel Schedules Fourth Quarter 2017 Earnings Release and Conference Call” on January 11, 2018.

Hexcel Corporation, together with its subsidiaries, develops, makes, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. The company has market cap of $5.85 billion. The firm operates through two divisions, Composite Materials and Engineered Products. It has a 23.54 P/E ratio. The Composite Materials segment makes and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycombs, molding compounds, tooling materials, polyurethane systems, and laminates used in various applications, including military and commercial aircraft, wind turbine blades, recreational products, transport, and other industrial applications.

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