Jefferies Maintains a 'Hold' on Hexcel Corp. (HXL); Q3 Earnings Reflect the Coming Jump in Civil Jetliner Output
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Price: $104.07 --0%
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 16
Rating Summary:
8 Buy, 18 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 6 | Down: 10 | New: 16
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Jefferies maintains a 'Hold' on Hexcel Corp. (NYSE: HXL) price target raised from $22.00 to $26.00.
Jefferies analyst says, "Hexcel delivered a surprisingly strong Q3 2011. EPS more than doubled to $0.32 from $0.16 in the year ago period. Our estimate and consensus was $0.27. We are raising our EPS estimates for 2011 through 2013 to $1.25, $1.35, and $1.50, from $1.17, $1.30, and $1.45, respectively...While there may be a modest amount of restocking in the channel, we are raising our revenue forecast to $1.4BB from $1.365BB. We continue to project highsingle to low-double digit revenue growth for the company over the next several years. The base for growth is higher than we had previously expected. We grow operating margins to 14% on gross margins in the 25% range."
For more ratings news on Hexcel Corp. click here and for the rating history of Hexcel Corp. click here.
Shares of Hexcel Corp. closed at $25.02 yesterday.
Jefferies analyst says, "Hexcel delivered a surprisingly strong Q3 2011. EPS more than doubled to $0.32 from $0.16 in the year ago period. Our estimate and consensus was $0.27. We are raising our EPS estimates for 2011 through 2013 to $1.25, $1.35, and $1.50, from $1.17, $1.30, and $1.45, respectively...While there may be a modest amount of restocking in the channel, we are raising our revenue forecast to $1.4BB from $1.365BB. We continue to project highsingle to low-double digit revenue growth for the company over the next several years. The base for growth is higher than we had previously expected. We grow operating margins to 14% on gross margins in the 25% range."
For more ratings news on Hexcel Corp. click here and for the rating history of Hexcel Corp. click here.
Shares of Hexcel Corp. closed at $25.02 yesterday.
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