Hexcel Received its Third Buy in a Row

By Carrie Williams

After Canaccord Genuity and Cowen & Co. gave Hexcel (NYSE: HXL) a Buy rating last month, the company received another Buy, this time from Stephens. Analyst Drew Lipke reiterated a Buy rating on Hexcel yesterday and set a price target of $80. The company’s shares closed yesterday at $67.85.

Lipke has an average return of 6.9% when recommending Hexcel.

According to TipRanks.com, Lipke is ranked #1930 out of 4835 analysts.

Hexcel has an analyst consensus of Moderate Buy, with a price target consensus of $77.50, a 14.2% upside from current levels. In a report issued on July 24, Canaccord Genuity also maintained a Buy rating on the stock with a $80 price target.

.

See today’s analyst top recommended stocks >>

Hexcel’s market cap is currently $5.94B and has a P/E ratio of 21.44. The company has a Price to Book ratio of 4.24.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.