Credit Suisse (SIX:CSGN) analyst Robert Spingarn maintained a Buy rating on Hexcel (NYSE:HXL) Corp. on Monday, setting a price target of $52, which is approximately 13.91% above the present share price of $45.65.
Spingarn expects Hexcel Corp . to post earnings per share (EPS) of $0.51 for the third quarter of 2020.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Hexcel, with an average price target of $45.7.
The analysts price targets range from a high of $55 to a low of $32.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $541 million and a net profit of $65.7 million. The company's market cap is $3.73 billion.
According to TipRanks.com, Credit Suisse analyst Robert Spingarn is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.8% and a 60.51% success rate.
Hexcel Corp. engages in the development, manufacture, and market of advanced composite materials for the commercial aerospace, space and defense, and industrial markets. It operates through the following segments: Composite Materials; Engineered Products; and Corporate and Other. The Composite Materials segment comprises of carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles. The Engineered Products segment consists of lightweight high strength composite structures, engineered core and honeycomb products with added functionality, and additive manufacturing. The company was founded by Roger C. Steele and Roscoe T. Hughes in 1946 and is headquartered in Stamford, CT.