Hexcel Corp. (HXL) stock hits $63.60: Is it a good time to buy or wait for a dip?

A share price of Hexcel Corp. [HXL] is currently trading at $63.60, up 1.40%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HXL shares have gain 4.21% over the last week, with a monthly amount glided 4.09%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Hexcel Corp. [NYSE: HXL] stock has seen the most recent analyst activity on October 10, 2024, when Vertical Research downgraded its rating to a Hold but kept the price target unchanged to $65 for it. Previously, RBC Capital Mkts downgraded its rating to Sector Perform on August 14, 2024, and dropped its price target to $68. On May 08, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $95 on the stock. Northcoast downgraded its rating to a Neutral. BofA Securities downgraded its rating to a Underperform and reduced its price target to $65 on April 10, 2024. Morgan Stanley downgraded its rating to Underweight for this stock on February 22, 2024, and downed its price target to $66. In a note dated January 30, 2024, UBS downgraded an Neutral rating on this stock.

Hexcel Corp. experienced fluctuations in its stock price throughout the past year between $57.50 and $77.09. Currently, Wall Street analysts expect the stock to reach $69.45 within the next 12 months. Hexcel Corp. [NYSE: HXL] shares were valued at $63.60 at the most recent close of the market. An investor can expect a potential return of 9.2% based on the average HXL price forecast.

Analyzing the HXL fundamentals

Trailing Twelve Months sales for Hexcel Corp. [NYSE:HXL] were 1.85B which represents 11.16% growth. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.07 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 63.00 points at the first support level, and at 62.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.02, and for the 2nd resistance point, it is at 64.44.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Hexcel Corp. [NYSE:HXL] is 2.75. Also, the Quick Ratio is 1.55, while the Cash Ratio stands at 0.33. Considering the valuation of this stock, the price to sales ratio is 2.81, the price to book ratio is 3.31 and price to earnings (TTM) ratio is 49.96.

Transactions by insiders

Recent insider trading involved Merlot Thierry, that happened on Aug 30 ’24 when 9611.0 shares were sold., Lehman Gail E completed a deal on Aug 28 ’24 to sell 4800.0 shares. Meanwhile, Officer Lehman Gail E bought 4800.0 shares on Aug 28 ’24.

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