Fintel reports that on July 26, 2023, RBC Capital reiterated coverage of Hexcel (NYSE:HXL) with a Sector Perform recommendation.
Analyst Price Forecast Suggests 3.19% Upside
As of July 6, 2023, the average one-year price target for Hexcel is 72.89. The forecasts range from a low of 59.59 to a high of $88.20. The average price target represents an increase of 3.19% from its latest reported closing price of 70.64.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Hexcel is 1,773MM, an increase of 3.92%. The projected annual non-GAAP EPS is 1.84.
What is the Fund Sentiment?
There are 808 funds or institutions reporting positions in Hexcel. This is an increase of 62 owner(s) or 8.31% in the last quarter. Average portfolio weight of all funds dedicated to HXL is 0.31%, an increase of 3.91%. Total shares owned by institutions decreased in the last three months by 5.99% to 103,464K shares. 
The put/call ratio of HXL is 0.61, indicating a bullish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 5,694K shares representing 6.75% ownership of the company. In it's prior filing, the firm reported owning 6,048K shares, representing a decrease of 6.21%. The firm increased its portfolio allocation in HXL by 3.95% over the last quarter.
Earnest Partners holds 5,214K shares representing 6.18% ownership of the company. In it's prior filing, the firm reported owning 5,153K shares, representing an increase of 1.19%. The firm increased its portfolio allocation in HXL by 10.75% over the last quarter.
Bank Of America holds 4,131K shares representing 4.90% ownership of the company. In it's prior filing, the firm reported owning 4,157K shares, representing a decrease of 0.63%. The firm decreased its portfolio allocation in HXL by 73.49% over the last quarter.
Boston Partners holds 3,057K shares representing 3.62% ownership of the company. In it's prior filing, the firm reported owning 3,857K shares, representing a decrease of 26.17%. The firm decreased its portfolio allocation in HXL by 6.63% over the last quarter.
EAASX - Eaton Vance Atlanta Capital SMID-Cap Fund holds 2,665K shares representing 3.16% ownership of the company. No change in the last quarter.
Hexcel Background Information
(This description is provided by the company.)
Hexcel Corporation is a leading advanced composites company. It develops, manufactures, and markets lightweight, high-performance structural materials including carbon fibers, specialty reinforcements, prepregs, and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered core and composite structures for use in commercial aerospace, space and defense, and industrial applications.
Additional reading:
- HEXCEL REPORTS 2023 SECOND QUARTER RESULTS
- Hexcel Corporation and Subsidiaries
- Credit Agreement, dated April 25, 2023, by and among Hexcel Corporation, as borrower, the lenders party thereto, Citizens Bank N.A. as agent for the lenders and the other institutions party thereto (incorporated herein by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K dated April 28, 2023).
- HEXCEL REPORTS 2023 FIRST QUARTER RESULTS
- Hexcel Corporation and Subsidiaries
This story originally appeared on Fintel.
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