Hexcel (NYSE:HXL) Lowered 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 Wednesday.

Other equities analysts also recently issued reports about the stock. UBS Group lifted their price objective on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Wells Fargo & Company boosted their price target on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. TD Cowen raised shares of Hexcel to a “hold” rating in a report on Thursday, December 19th. Truist Financial boosted their price target on shares of Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada boosted their price target on shares of Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, January 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 stock. According to data from MarketBeat.com, Hexcel has an average rating of “Hold” and an average target price of $73.09.

Hexcel Price Performance

HXL opened at $67.40 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The company has a market capitalization of $5.47 billion, a price-to-earnings ratio of 42.39, a P/E/G ratio of 1.84 and a beta of 1.31. The firm’s fifty day moving average price is $64.87 and its two-hundred day moving average price is $62.76. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, analysts anticipate that Hexcel will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HXL. Price T Rowe Associates Inc. MD increased its position in shares of 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 worth $156,919,000 after purchasing an additional 2,446,716 shares during the last quarter. Norges Bank bought a new position in shares of Hexcel in the fourth quarter worth approximately $60,241,000. Brandes Investment Partners LP increased its position in shares of Hexcel by 99.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock worth $81,803,000 after purchasing an additional 651,062 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Hexcel by 249.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company’s stock worth $51,142,000 after purchasing an additional 582,353 shares during the last quarter. Finally, DAVENPORT & Co LLC increased its position in shares of Hexcel by 1,153.9% in the fourth quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company’s stock worth $33,546,000 after purchasing an additional 493,218 shares during the last quarter. 95.47% of the stock is currently owned by institutional investors.

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.