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Friday, January 21, 2022

The Rejuvenation of Hexcel Corporation (HXL)

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Many stocks have been testing new highs in 2020, and one of the most notable is Hexcel Corporation (HXL). Currently, HXL is trading at $47.91 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $34.00.

To add more color to this target, the company’s high over the last year is $87.00 and the low is $24.54. Over the last 52 weeks, HXL is down -44.93% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, HXL reported a profit of $140.9 million. Hexcel Corporation also saw revenues increase to $541.0 million. In addition, HXL has free cash flow of -$18.6 million as of 03-2020 The company’s EBITDA came in at $101.5 million which compares well with its peers.

HXL booked profit margins of 12.10%, its Return on Equity (ROE) is 19.30%, and its Return on Assets is 8.60%. All told, it is clear that, HXL needs to be on your watchlist.

About Hexcel Corporation

If readers are unfamiliar, Hexcel Corporation, together with its subsidiaries, develops, manufactures, and markets structural materials for use in commercial aerospace, space and defense, and industrial markets. It operates in two segments, Composite Materials and Engineered Products. The Composite Materials segment manufactures and markets carbon fibers, fabrics and specialty reinforcements, prepregs and other fiber-reinforced matrix materials, structural adhesives, honeycomb, molding compounds, tooling materials, polyurethane systems, and laminates that are used in military and commercial aircraft, wind turbine blades, recreational products, and other industrial applications, as well as in automotive, marine, and trains. The Engineered Products segment manufactures and markets aircraft structures and finished aircraft components, including wing to body fairings, wing panels, flight deck panels, door liners, helicopter blades, spars, and tip caps; and aircraft structural sub-components and semi-finished components used in helicopter blades, engine nacelles, and aircraft surfaces, such as flaps, wings, elevators, and fairings. The company sells its products directly through its managers, product managers, and sales personnel, as well as through independent distributors and manufacturer representatives in the Americas, Europe, the Asia Pacific, India, and Africa. Hexcel Corporation was founded in 1946 and is headquartered in Stamford, Connecticut.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HXL has a short ratio of 2.34 and outstanding shares of 83.70M.

Company Outlook

HXL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.71 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 3.24. Hexcel Corporation HXL also noted assets of $3.43 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HXL has historically followed its peers on positive news.

All told, Hexcel Corporation HXL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HXL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Hexcel Corporation HXL is now commanding a market cap of 4.01B and a float of 82.84M. HXL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HXL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HXL, either long or short, and we have not been compensated for this article.

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