RBC Capital Upgrades Hexcel (HXL)

Fintel reports that on December 19, 2024, RBC Capital upgraded their outlook for Hexcel (NYSE:HXL) from Sector Perform to Outperform.

Analyst Price Forecast Suggests 12.82% Upside

As of December 3, 2024, the average one-year price target for Hexcel is $71.21/share. The forecasts range from a low of $60.60 to a high of $85.05. The average price target represents an increase of 12.82% from its latest reported closing price of $63.12 / share.

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The projected annual revenue for Hexcel is 1,975MM, an increase of 4.68%. The projected annual non-GAAP EPS is 2.56.

What is the Fund Sentiment?

There are 830 funds or institutions reporting positions in Hexcel. This is an decrease of 50 owner(s) or 5.68% in the last quarter. Average portfolio weight of all funds dedicated to HXL is 0.22%, an increase of 6.01%. Total shares owned by institutions decreased in the last three months by 2.69% to 92,643K shares. The put/call ratio of HXL is 0.16, indicating a bullish outlook.

What are Other Shareholders Doing?

Earnest Partners holds 4,779K shares representing 5.90% ownership of the company. In its prior filing, the firm reported owning 4,836K shares , representing a decrease of 1.19%. The firm decreased its portfolio allocation in HXL by 8.88% over the last quarter.

Alliancebernstein holds 3,813K shares representing 4.71% ownership of the company. In its prior filing, the firm reported owning 3,934K shares , representing a decrease of 3.16%. The firm decreased its portfolio allocation in HXL by 7.56% over the last quarter.

Bank Of America holds 3,298K shares representing 4.07% ownership of the company. In its prior filing, the firm reported owning 3,324K shares , representing a decrease of 0.80%. The firm decreased its portfolio allocation in HXL by 76.82% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,620K shares representing 3.23% ownership of the company. In its prior filing, the firm reported owning 2,607K shares , representing an increase of 0.47%. The firm decreased its portfolio allocation in HXL by 6.57% over the last quarter.

IJH - iShares Core S&P Mid-Cap ETF holds 2,556K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 2,585K shares , representing a decrease of 1.16%. The firm decreased its portfolio allocation in HXL by 10.62% over 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.

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This story originally appeared on Fintel.

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