StockNews.com Downgrades Hexcel (NYSE:HXL) to Hold

Hexcel (NYSE:HXL) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft dropped their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Wells Fargo & Company lifted their target price on Hexcel from $78.00 to $81.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. UBS Group increased their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Truist Financial cut their price objective on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, Vertical Research lowered shares of Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective for the company. in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and an average target price of $71.33.

Hexcel Stock Up 3.2 %

Shares of HXL traded up $2.22 during midday trading on Thursday, reaching $70.69. 2,872,391 shares of the stock were exchanged, compared to its average volume of 1,431,917. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The company’s 50 day moving average is $63.57 and its two-hundred day moving average is $62.69. The company has a market capitalization of $5.73 billion, a P/E ratio of 53.96, a PEG ratio of 1.94 and a beta of 1.30. Hexcel has a 52 week low of $57.50 and a 52 week high of $77.09.

Hexcel (NYSE:HXL) last posted its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. On average, sell-side analysts anticipate that Hexcel will post 2.02 earnings per share for the current year.

Institutional Investors Weigh In On Hexcel

Institutional investors and hedge funds have recently modified their holdings of the company. Speece Thorson Capital Group Inc. raised its position in Hexcel by 15.6% during the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company’s stock worth $15,140,000 after buying an additional 32,960 shares during the last quarter. Barclays PLC increased its stake in shares of Hexcel by 32.1% in the third quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock worth $4,330,000 after acquiring an additional 17,011 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of Hexcel by 12.3% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after acquiring an additional 63,730 shares during the period. D. E. Shaw & Co. Inc. raised its holdings in shares of Hexcel by 215.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company’s stock worth $54,034,000 after purchasing an additional 590,975 shares during the last quarter. Finally, FMR LLC lifted its position in Hexcel by 11.7% during the third quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after purchasing an additional 8,135 shares during the period. 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.