Hexcel (NYSE:HXL) Upgraded by TD Cowen to “Hold” Rating

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

A number of other brokerages have also weighed in on HXL. Deutsche Bank Aktiengesellschaft dropped 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. UBS Group raised their price objective on Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. BMO Capital Markets reduced their target price on Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a report on Monday, October 28th. Royal Bank of Canada raised Hexcel from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $68.00 to $74.00 in a research note on Thursday. Finally, Wells Fargo & Company lifted their price objective on Hexcel from $78.00 to $81.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $71.33.

Hexcel Trading Up 2.4 %

Shares of NYSE:HXL opened at $63.06 on Thursday. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09. The stock’s fifty day moving average price is $61.95 and its 200-day moving average price is $62.65. The company has a market cap of $5.11 billion, a P/E ratio of 48.14, a PEG ratio of 1.96 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. Hexcel’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. Sell-side analysts expect that Hexcel will post 2.02 earnings per share for the current year.

Institutional Trading of Hexcel

Several large investors have recently added to or reduced their stakes in HXL. Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Hexcel during the 2nd quarter valued at approximately $250,000. RiverPark Advisors LLC raised its stake in shares of Hexcel by 18.1% during the 2nd quarter. RiverPark Advisors LLC now owns 5,312 shares of the aerospace company’s stock valued at $332,000 after buying an additional 814 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Hexcel by 2.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,867 shares of the aerospace company’s stock valued at $1,116,000 after buying an additional 383 shares during the last quarter. Speece Thorson Capital Group Inc. lifted its holdings in shares of Hexcel by 19.5% in the 2nd quarter. Speece Thorson Capital Group Inc. now owns 211,913 shares of the aerospace company’s stock valued at $13,234,000 after buying an additional 34,605 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Hexcel by 46.6% in the second quarter. Principal Financial Group Inc. now owns 465,642 shares of the aerospace company’s stock worth $29,079,000 after buying an additional 147,930 shares during the last quarter. Hedge funds and other institutional investors own 95.47% of the company’s stock.

About Hexcel

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.