TD Cowen Upgrades Hexcel (NYSE:HXL) to Hold

Hexcel (NYSE:HXL) was upgraded by equities researchers at TD Cowen to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also weighed in on the stock. Royal Bank of Canada upgraded shares of Hexcel from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $68.00 to $74.00 in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Truist Financial cut their target price on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a report on Friday, October 18th. StockNews.com raised Hexcel from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $71.33.

Hexcel Stock Performance

Shares of HXL stock opened at $62.53 on Thursday. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 1.96 and a beta of 1.30. Hexcel has a one year low of $57.50 and a one year high of $77.09. The company’s 50-day simple moving average is $61.95 and its 200-day simple moving average is $62.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.51 and a current ratio of 2.76.

Hexcel (NYSE:HXL) last released its earnings results on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The company had revenue of $457.00 million for the quarter, compared to the consensus estimate of $457.07 million. During the same quarter last year, the business posted $0.38 EPS. Hexcel’s quarterly revenue was up 8.9% compared to the same quarter last year. Equities analysts anticipate that Hexcel will post 2.02 earnings per share for the current fiscal year.

Institutional Trading of Hexcel

A number of institutional investors have recently made changes to their positions in HXL. Wilmington Savings Fund Society FSB raised its holdings in Hexcel by 8.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 65,095 shares of the aerospace company’s stock worth $4,025,000 after purchasing an additional 5,173 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Hexcel by 59.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 33,076 shares of the aerospace company’s stock valued at $2,024,000 after purchasing an additional 12,329 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Hexcel in the 3rd quarter worth $1,154,000. Barclays PLC lifted its holdings in shares of Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after buying an additional 17,011 shares during the period. Finally, MML Investors Services LLC boosted its stake in Hexcel by 4.1% during the third quarter. MML Investors Services LLC now owns 37,673 shares of the aerospace company’s stock valued at $2,329,000 after buying an additional 1,497 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

Hexcel Company Profile

Hexcel Corporation develops, manufactures, and markets carbon fibers, structural reinforcements, honeycomb structures, resins, and composite materials and parts for use in commercial aerospace, space and defense, and industrial applications. It operates through two segments, Composite Materials and Engineered Products.