Hexcel (NYSE:HXL) Downgraded to Hold Rating by StockNews.com

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

A number of other research analysts have also weighed in on HXL. Royal Bank of Canada boosted 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. Deutsche Bank Aktiengesellschaft cut their target price on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Truist Financial boosted 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. Wells Fargo & Company boosted their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Finally, TD Cowen upgraded shares of Hexcel to a “hold” rating in a report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.09.

Hexcel Stock Down 3.3 %

HXL stock opened at $58.03 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09. The company has a fifty day simple moving average of $64.67 and a 200 day simple moving average of $62.79. The firm has a market cap of $4.71 billion, a PE ratio of 36.50, a PEG ratio of 1.72 and a beta of 1.30.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (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%. Sell-side analysts anticipate that Hexcel will post 2.14 EPS for the current fiscal year.

Institutional Trading of Hexcel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Earnest Partners LLC increased its stake in Hexcel by 0.8% in the fourth quarter. Earnest Partners LLC now owns 4,816,442 shares of the aerospace company’s stock valued at $301,991,000 after acquiring an additional 37,442 shares during the period. Price T Rowe Associates Inc. MD increased 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 grew its stake in 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 worth $125,172,000 after buying an additional 395,744 shares during the last quarter. Sei Investments Co. lifted 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Hexcel by 1.7% during the fourth 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 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.