Why Hexcel Stock Fell in 2024
A bad year for Boeing translated into a miserable year for owners of some of the aerospace giant's largest suppliers.
In a year when the S 500 was up 23%, (NYSE: HXL) shares traded down 15%, according to data provided by S&P Global Market Intelligence, as the aerospace supplier dealt with choppy demand for the composite materials that have become a foundational part of new aircraft manufacture.
Hexcel specializes in the production of carbon fiber materials that offer the durability of metals at a fraction of the weight, making them ideal for making airplanes and other large equipment more fuel efficient. Though the company sells to a variety of industrial and defense customers, commercial aerospace makes up nearly two-thirds of revenue.
Source Fool.com
Hexcel Corp. Stock
Currently there is a rather positive sentiment for Hexcel Corp. with 14 Buy predictions and 4 Sell predictions.
With a target price of 64 € there is a slightly positive potential of 2.4% for Hexcel Corp. compared to the current price of 62.5 €.
