Truist has adjusted its price target for Hexcel (HXL, Financial), bringing it down to $67 from a previous $73, while maintaining a Buy rating on the stock. The revision follows Hexcel's first-quarter results, which did not meet forecasts.
The company's management also revised its future outlook downward, a decision largely attributed to reduced production volumes of the A350 aircraft. Despite these developments, Truist continues to express confidence in Hexcel's long-term potential, as indicated by the retained Buy rating.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for Hexcel Corp (HXL, Financial) is $60.21 with a high estimate of $81.00 and a low estimate of $50.00. The average target implies an upside of 24.63% from the current price of $48.31. More detailed estimate data can be found on the Hexcel Corp (HXL) Forecast page.
Based on the consensus recommendation from 20 brokerage firms, Hexcel Corp's (HXL, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Hexcel Corp (HXL, Financial) in one year is $85.09, suggesting a upside of 76.13% from the current price of $48.31. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Hexcel Corp (HXL) Summary page.
