The stock of Hexcel Corp. (NYSE: HXL) has decreased by -3.15 when compared to last closing price of 62.48.Despite this, the company has seen a loss of -3.46% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-22 that Hexcel Corporation (NYSE:HXL ) Q3 2023 Results Conference Call October 22, 2024 10:00 AM ET Company Participants Patrick Winterlich – Executive VP, CFO & Acting Corporate Controller Tom Gentile – CEO, President & Director Conference Call Participants Myles Walton – Wolfe Research Michael Ciarmoli – Truth Securities Matt Akers – Wells Fargo Ken Herbert – RBC Scott Mikus – Melius Research David Strauss – Barclays Gavin Parsons – UBS Gautam Khanna – TD Cowen Pete Skibitski – Alembic Global Sheila Kahyaoglu – Jefferies Noah Poponak – Goldman Sachs Scott Deuschle – Deutsche Bank Phil Gibbs – KeyBanc Capital Markets Operator Thank you for standing by, and welcome to the Hexcel Third Quarter 2024 Earnings Conference Call. All participants are in a listen-only mode.
Is It Worth Investing in Hexcel Corp. (NYSE: HXL) Right Now?
Hexcel Corp. (NYSE: HXL) has a price-to-earnings ratio of 46.35x that is above its average ratio. Additionally, the 36-month beta value for HXL is 1.29. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
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The public float for HXL is 80.39M and currently, short sellers hold a 1.66% ratio of that float. The average trading volume of HXL on October 31, 2024 was 715.47K shares.
HXL’s Market Performance
HXL’s stock has seen a -3.46% decrease for the week, with a -0.58% drop in the past month and a -6.10% fall in the past quarter. The volatility ratio for the week is 2.65%, and the volatility levels for the past 30 days are at 2.50% for Hexcel Corp. The simple moving average for the last 20 days is -1.57% for HXL’s stock, with a simple moving average of -8.83% for the last 200 days.
Analysts’ Opinion of HXL
Many brokerage firms have already submitted their reports for HXL stocks, with Vertical Research repeating the rating for HXL by listing it as a “Hold.” The predicted price for HXL in the upcoming period, according to Vertical Research is $65 based on the research report published on October 10, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see HXL reach a price target of $68, previously predicting the price at $76. The rating they have provided for HXL stocks is “Sector Perform” according to the report published on August 14th, 2024.
Wells Fargo gave a rating of “Overweight” to HXL, setting the target price at $95 in the report published on May 08th of the current year.
HXL Trading at -1.78% from the 50-Day Moving Average
After a stumble in the market that brought HXL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.51% of loss for the given period.
Volatility was left at 2.50%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares sank -1.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.01% lower at present.
During the last 5 trading sessions, HXL fell by -3.46%, which changed the moving average for the period of 200-days by -14.46% in comparison to the 20-day moving average, which settled at $61.48. In addition, Hexcel Corp. saw -17.95% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HXL starting from Merlot Thierry, who sale 9,611 shares at the price of $63.19 back on Aug 30 ’24. After this action, Merlot Thierry now owns 46,371 shares of Hexcel Corp., valued at $607,319 using the latest closing price.
Lehman Gail E, the of Hexcel Corp., sale 4,800 shares at $63.28 during a trade that took place back on Aug 28 ’24, which means that Lehman Gail E is holding 12,547 shares at $303,744 based on the most recent closing price.
Stock Fundamentals for HXL
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.24 for the gross margin
The net margin for Hexcel Corp. stands at 0.06. The total capital return value is set at 0.09. Equity return is now at value 6.68, with 3.79 for asset returns.
Based on Hexcel Corp. (HXL), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.51. The interest coverage ratio of the stock is 7.38.
Currently, EBITDA for the company is 268.5 million with net debt to EBITDA at 2.84. When we switch over and look at the enterprise to sales, we see a ratio of 2.97. The receivables turnover for the company is 7.29for trailing twelve months and the total asset turnover is 0.66. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.76.
Conclusion
In conclusion, Hexcel Corp. (HXL) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
