Fintel reports that on May 8, 2024, Wells Fargo upgraded their outlook for Hexcel (NYSE:HXL) from Equal-Weight to Overweight.
Analyst Price Forecast Suggests 8.23% Upside
As of May 8, 2024, the average one-year price target for Hexcel is 77.04. The forecasts range from a low of 63.63 to a high of $92.40. The average price target represents an increase of 8.23% from its latest reported closing price of 71.18.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Hexcel is 1,975MM, an increase of 9.50%. The projected annual non-GAAP EPS is 2.56.
What is the Fund Sentiment?
There are 832 funds or institutions reporting positions in Hexcel. This is an increase of 1 owner(s) or 0.12% in the last quarter. Average portfolio weight of all funds dedicated to HXL is 0.28%, an increase of 4.04%. Total shares owned by institutions decreased in the last three months by 1.28% to 99,080K shares. 
The put/call ratio of HXL is 1.15, indicating a bearish outlook.
What are Other Shareholders Doing?
Alliancebernstein holds 5,226K shares representing 6.29% ownership of the company. In its prior filing, the firm reported owning 5,336K shares , representing a decrease of 2.12%. The firm increased its portfolio allocation in HXL by 0.30% over the last quarter.
Earnest Partners holds 4,518K shares representing 5.44% ownership of the company. In its prior filing, the firm reported owning 4,344K shares , representing an increase of 3.85%. The firm increased its portfolio allocation in HXL by 1.94% over the last quarter.
Bank Of America holds 3,149K shares representing 3.79% ownership of the company. In its prior filing, the firm reported owning 3,214K shares , representing a decrease of 2.08%. The firm decreased its portfolio allocation in HXL by 73.34% over the last quarter.
EAASX – Eaton Vance Atlanta Capital SMID-Cap Fund holds 2,665K shares representing 3.21% ownership of the company. No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 2,646K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 2,625K shares , representing an increase of 0.81%. The firm increased its portfolio allocation in HXL by 2.00% 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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