BB&T Capital Mkts: Time To Buy Hexcel (NYSE:HXL)? Has $60 Valuation Target

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Why Has BB&T Capital Mkts Given Hexcel (NYSE:HXL) a $60 Price Target

Researchers at BB&T Capital Mkts have started coverage on Hexcel (NYSE:HXL) with a key “Buy” rating. The TP for HXL is now $60. It may imply a possible upside of 31.93% from firm’s stock close price.

From a total of 13 analysts covering Hexcel (NYSE:HXL) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is $60 while the lowest target price is $45. The mean of all analyst targets is $52.69 with a 8.15% above today’s ($45.54) stock price. Hexcel was the topic of 7 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on October 21 with “Buy” rating.

Approximately 27,758 shares of stock traded hands. Hexcel Corporation (NYSE:HXL) has declined 6.96% since May 7, 2015 and is downtrending. It has underperformed by 5.03% the S&P500.

The overall sentiment of institutions has increased to 1.19 in Q2 2015. Its up 0.29, from 0.9 in 2015Q2. The ratio is positive, as 24 institutions have sold all the shares of Hexcel Corporation that they owned while 100 funds have taken shares off the table. 46 funds have purchased shares for the first time while 101 added to their positions. These institutions now hold 94.99 million shares or 10.02% more than the 86.34 million shares they owned in 2015Q2.

The Fund Joho Capital Llc currently is holding shares equating to 16.17% of its total portfolio in Hexcel Corporation representing a total of 1.26 million shares. Another fund,Capital Counsel Llc Ny, is holding a total of 1.41 million shares equating to 3.3% of their holdings. Additionally, Broad Run Investment Management Llc has a 1.27 million share stake in Hexcel Corporation which represents 3.25% of their total portfolio. The Fund, Kelly Lawrence W & Associates Inc Ca, based out of California, has also built up a stake in the stock, which represents a total of 3.16% of their total portfolio. Finally Roanoke Asset Management Corp Ny, a fund which is based in the state of New York reported a total holdings of 179,776 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 18, 2015, shareholders of Hexcel Corporation have witnessed 0 insider purchases, and a total of 5 insider sales equating to a net activity of approximately $3.03 million . Pensky Wayne C sold 33,924 shares worth approximately $1.82 million. Macintyre Michael J sold 1,507 shares worth approximately $80,586. Hendricks Kimberly A. sold 2,531 shares worth approximately $137,072. Krakower Ira J sold 16,585 shares worth approximately $862,254. The company insider Hill David Charles sold 2,517 shares worth $129,904.

Hexcel Corporation is a composites company. The company has a market cap of $4.30 billion. The Firm develops, makes and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and composite structures for use in commercial aerospace, space and defense and industrial markets. It has 18.83 P/E ratio. The Firm operates in two divisions: Composite Materials and Engineered Products.

According to Zacks Investment Research, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets.” Get a free copy of the Zacks research report on Hexcel Corporation (HXL).

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