Skip to main content
This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Hexcel (HXL) Receives a Rating Update from a Top Analyst

Tipranks - Sat Jan 31, 7:44AM CST

RBC Capital analyst Kenneth Herbert maintained a Buy rating on Hexcel yesterday and set a price target of $95.00. The company’s shares closed yesterday at $84.56.

Claim 50% Off TipRanks Premium

According to TipRanks, Herbert is a top 100 analyst with an average return of 27.9% and a 71.69% success rate. Herbert covers the Industrials sector, focusing on stocks such as Boeing, Airbus Group SE, and FTAI Aviation.

In addition to RBC Capital, Hexcel also received a Buy from Truist Financial’s Michael Ciarmoli in a report issued yesterday. However, today, Morgan Stanley upgraded Hexcel (NYSE: HXL) to a Hold.

Based on Hexcel’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $456.2 million and a net profit of $20.6 million. In comparison, last year the company earned a revenue of $456.5 million and had a net profit of $39.8 million

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.