Hexcel (NYSE:HXL) Lowered to “Hold” Rating by StockNews.com

Hexcel (NYSE:HXL) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

Other equities analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Truist Financial raised their target price on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Royal Bank of Canada raised their target price on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. BMO Capital Markets lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Monday, October 28th. Finally, UBS Group raised their target price on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.09.

Hexcel Stock Up 3.0 %

Shares of NYSE:HXL opened at $67.40 on Wednesday. The firm’s 50 day moving average price is $64.87 and its 200 day moving average price is $62.76. The stock has a market cap of $5.47 billion, a price-to-earnings ratio of 42.39, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46.

Hexcel (NYSE:HXL) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, equities research analysts predict that Hexcel will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC acquired a new stake in shares of Hexcel in the third quarter valued at $30,000. Allworth Financial LP lifted its holdings in shares of Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after buying an additional 567 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of Hexcel in the fourth quarter valued at $49,000. Manchester Capital Management LLC lifted its holdings in shares of Hexcel by 100.0% in the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares during the period. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Hexcel during the third quarter valued at $56,000. Institutional investors own 95.47% of the company’s stock.

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.