Shares of Hexcel Corporation (NYSE:HXL) traded today at $59.32, eclipsing its 52-week high. This new high was reached on below average trading volume as 215,000 shares traded hands, while the average 30-day volume is approximately 896,000 shares.
Over the past year, Hexcel Corporation has traded in a range of $24.54 to $59.32 and is now at $59.23, 141% above that low.
Based on a current price of $59.23, Hexcel Corporation is currently 4.3% above its average consensus analyst price target of $56.66.
Hexcel Corp develops and manufactures composites used in aerospace, defense, and other industrial markets. The company operates under two segments: Composite Materials and Engineered Products. It offers a wide range of adhesives, carbon fibers, and other structured materials to use in commercial and military aircraft, wind turbines, vehicles, and other industrial applications. The company has sales offices in different regions of the world to help distribute its products globally. Approximately half of its revenue comes from the United States, with the remainder split among various regions. Hexcel either markets directly to customers or uses independent distributors and manufacturer representatives.
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