TD Cowen Upgrades Hexcel (NYSE:HXL) to “Hold”

Hexcel (NYSE:HXL) was upgraded by TD Cowen to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also issued reports on HXL. BMO Capital Markets dropped their price objective on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Wells Fargo & Company raised their target price on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Truist Financial lifted their target price on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. 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, Hexcel currently has a consensus rating of “Hold” and a consensus target price of $73.09.

Hexcel Stock Performance

NYSE:HXL opened at $62.30 on Monday. Hexcel has a twelve month low of $57.50 and a twelve month 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. The stock’s 50-day simple moving average is $64.81 and its 200 day simple moving average is $62.83. The firm has a market capitalization of $5.05 billion, a PE ratio of 39.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL) last issued its quarterly earnings data 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%. On average, analysts anticipate that Hexcel will post 2.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Hexcel

Several institutional investors have recently made changes to their positions in the stock. Earnest Partners LLC increased its position in Hexcel by 0.8% in the 4th quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company’s stock valued at $301,991,000 after buying an additional 37,442 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Hexcel by 4,372.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company’s stock valued at $156,919,000 after acquiring an additional 2,446,716 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in shares of Hexcel by 24.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock valued at $125,172,000 after acquiring an additional 395,744 shares in the last quarter. Sei Investments Co. raised its position in shares of Hexcel by 9.0% during the fourth quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock worth $92,938,000 after purchasing an additional 122,281 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Hexcel by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,437,058 shares of the aerospace company’s stock worth $90,104,000 after purchasing an additional 24,393 shares in the last quarter. Institutional investors and hedge funds 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.