Hexcel Likely To Report Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Hexcel Corporation HXL is expected to release financial results for its third quarter of 2023, after the closing bell on Oct. 23, 2023.

Analysts expect the company to post quarterly earnings at 43 cents per share, up from year-ago earnings of 33 cents per share. The company’s revenue might come in at $427.28 million, compared to $398.06 million in the year-ago period.

Hexcel shares fell 0.1% to close at $64.84 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Wolfe Research analyst Myles Walton upgraded the stock from Peer Perform to Outperform with a price target of $83 on Aug. 17, 2023. This analyst has an accuracy rate of 84%.
• BMO Capital analyst John McNulty maintained a Market Perform rating and lowered the price target from $74 to $73 on Aug. 7, 2023. This analyst has an accuracy rate of 64%.
• Truist Securities analyst Michael Ciarmoli maintained a Hold rating and raised the price target from $68 to $73 on July 21, 2023. This analyst has an accuracy rate of 74%.
• Barclays analyst David Strauss maintained an Equal-Weight rating and lifted the price target from $64 to $80 on May 2, 2023. This analyst has an accuracy rate of 64%.
• Goldman Sachs analyst Noah Poponak maintained a Sell rating and raised the price target from $52 to $59 on April 27, 2023. This analyst has an accuracy rate of 63%.

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