|Over a week ago|
Hexcel price target raised to $57 from $41 at BMO Capital » 09:0704/2104/21/21
BMO Capital analyst John…
BMO Capital analyst John McNulty raised the firm's price target on Hexcel to $57 from $41 but keeps a Market Perform rating on the shares after its Q1 earnings beat. The company's management highlighted the improved cost structure and indicated confidence in its ability to contain its cost, but given the many question marks around the speed of the snapback and Hexcel's valuation reflecting significant optimism, he sees "more compelling" risk-reward elsewhere in the industrial space, the analyst tells investors in a research note.
Hexcel price target raised to $50 from $35 at Truist » 08:3204/2104/21/21
Truist analyst Michael…
Truist analyst Michael Ciarmoli raised the firm's price target on Hexcel to $50 from $35 but keeps a Hold rating on the shares after its better than expected Q1 results. The management has "successfully" navigated the depth of the COVID downturn and called for low-single-digit operating margins along with positive free cash flows, but while the company's narrow body rates are firming, the stock's valuation looks "full", the analyst tells investors in a research note.
Hexcel price target raised to $56 from $48 at Canaccord » 07:2604/2104/21/21
Canaccord analyst Ken…
Canaccord analyst Ken Herbert raised the firm's price target on Hexcel to $56 from $48 and keeps a Hold rating on the shares. The analyst noted sales in the aerospace business was down roughly 60% but gross margins increased over 17% up from roughly 105 in Q1. He believes much of the near term upside is already reflected in the stock.
Fly Intel: After-Hours Movers » 18:3004/1904/19/21
IBM, HXL, WTFC, CCK, UAL, STLD, FUTU, ZLAB
Check out this evening's…
Hexcel still withholding guidance due to market uncertainties » 16:1604/1904/19/21
The company continues to…
The company continues to withhold financial guidance due to the market uncertainties arising from the global pandemic.
Hexcel reports Q1 adjusted EPS (10c), consensus (16c) » 16:1504/1904/19/21
Reports Q1 revenue $310M,…
Reports Q1 revenue $310M, consensus $301.37M. Chairman, CEO and President Nick Stanage said, "First quarter results were in line with our expectations and reflect a strong focus on cost controls in light of the pandemic-related economic headwinds we face, including the impact of continued supply chain destocking. This first quarter, along with Q3 and Q4 2020, are projected to be the low point of the current pandemic-driven demand cycle, and we now expect destocking to wind down as we move through the second quarter and to be mostly behind us as we enter the second half of the year. At that point, Commercial Aerospace sales should start to grow steadily, more closely reflecting OEM aircraft build rates. We expect a gradual step up in sales each quarter as 2021 progresses, followed by an extended period of growth starting in 2022."
Hexcel price target raised to $60 from $49 at Wells Fargo » 08:4104/1504/15/21
Wells Fargo analyst…
Wells Fargo analyst Michael Sison raised the firm's price target on Hexcel to $60 from $49 and keeps an Equal Weight rating on the shares. The analyst believes earnings are still at least 20%-30% below normalized earnings for Hexcel, though he thinks it is well positioned for a strong earnings recovery in 2021-2022 off 2020 lows.
|Over a month ago|
Hexcel files automatic mixed securities shelf 17:3103/2603/26/21
Fly Intel: Top five analyst downgrades » 09:5203/2603/26/21
VIAC, HXL, DISCA, SAIC, GAN
Catch up on today's…
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. ViacomCBS (VIAC) downgraded to Underweight from Equal Weight at Wells Fargo with analyst Steven Cahall saying since its recent equity raise, it seems the momentum has come out and valuations are resetting to more normalized levels. 2. Hexcel (HXL) downgraded to Sell from Neutral at Goldman Sachs with analyst Noah Poponak saying the company's limited aftermarket, greater exposure to widebody than narrowbody and challenges in Wind result in the least free cash flow per share growth through 2025 relative to comparable aerospace peers. 3. Discovery (DISCA) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Steven Cahall saying that having ridden the momentum wave up, the analyst recognizes non-technical premiums are abating. 4. SAIC (SAIC) downgraded to Hold from Buy at Stifel with analyst Joseph DeNardi saying the company reported "softer than expected" Q4 results and provided FY22 guidance below expectations, continuing a trend seen across the industry over the past few months. 5. Gan Limited (GAN) downgraded to Hold from Buy at Craig-Hallum with analyst Ryan Sigdahl saying he believes a rising tide is lifting all boats in the online gambling sector, and while the analyst is a big supporter of the opportunity and investment theme, he thinks Gan has outsized risk over the medium-term relative to others. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Hexcel downgraded to Sell from Neutral at Goldman Sachs » 04:5403/2603/26/21
HXL, HEI, TDG
Goldman Sachs analyst…
Goldman Sachs analyst Noah Poponak downgraded Hexcel (HXL) to Sell from Neutral with an unchanged price target of $43. The company's limited aftermarket, greater exposure to widebody than narrowbody and challenges in Wind result in the least free cash flow per share growth through 2025 relative to comparable aerospace peers, Poponak tells investors in a research note. Despite that, Hexcel is the most expensive covered aerospace stock on most key metrics after Heico (HEI) and TransDigm (TDG), says the analyst. He believes the stock's valuation indicates "potential challenges are not priced in."