Hexcel’s Price Target Get’s Range Of Adjustments

Truist Financial has adjusted its price objective for Hexcel Corporation (NYSE: HXL), the advanced composites company, from the former $78.00 down to $76.00.

Despite the lowered target, Truist Financial reaffirms its “buy” rating on the aerospace company's shares. This recent revision comes amid a flurry of updates from other research analysts, illustrating a period of critical reassessment for Hexcel on earnings.

Hexcel's stock price has underperformed the market this year, with a loss of 12.53% through 2024, and 2% over the past 12 months.

Various other analysts have also weighed in on the company’s future. Stifel, for instance, has reduced their price target to $84.00, indicating a more optimistic outlook relative to peers. Meanwhile, Morgan Stanley has set a more conservative price objective of $61.00.

Vertical Research has shifted their stance on Hexcel to a “hold” rating, implying a neutral outlook on the company's share movement in the near term. Additionally, UBS Group lowered their price target to $71.00. In a similar move, BMO Capital Markets has adjusted their target price to $70.00.

Hexcel also announced a quarterly dividend payout of $0.15 per share, which is scheduled to be disbursed on November 8th. This dividend payment equates to an annualized amount of $0.60, culminating in a dividend yield of 0.94%.

Hexcel Corporation operates in the aerospace and defense industry, specializing in the manufacture of carbon fibers, structural reinforcements, honeycomb, composite materials, and parts for uses that range from commercial aerospace to industrial applications. The company is organised into two segments, namely, Composite Materials and Engineered Products, and its products play a critical role in the development of efficient, durable, and lightweight solutions in their respective markets.

This array of revised price targets and ratings reflects a dynamic view from the analyst community, capturing the shifting sentiments and long-term expectations postured toward Hexcel. With an average rating hovering around “Hold”, the market anticipates watching closely how the company navigates current industry challenges and opportunities.