Hexcel (HXL) Gets a Buy Rating from Cowen & Co.

By Carrie Williams

Cowen & Co. analyst Gautam Khanna maintained a Buy rating on Hexcel (HXLResearch Report) yesterday and set a price target of $75. The company’s shares closed yesterday at $69.63.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 13.4% and a 76.2% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.

Currently, the analyst consensus on Hexcel is a Moderate Buy with an average price target of $74.

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Based on Hexcel’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $66.1 million. In comparison, last year the company had a net profit of $61.6 million.

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.

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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, and Engineered Products.