Hexcel Co. (NYSE:HXL) Receives Average Recommendation of "Hold" from Analysts

Shares of Hexcel Co. (NYSE:HXL - Get Free Report) have been assigned a consensus rating of "Hold" from the fourteen research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $71.33.

A number of equities analysts recently weighed in on the company. Royal Bank of Canada raised Hexcel from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from $68.00 to $74.00 in a report on Thursday, December 19th. Wells Fargo & Company upped their target price on Hexcel from $78.00 to $81.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Wednesday, October 23rd. BMO Capital Markets decreased their price objective on shares of Hexcel from $70.00 to $68.00 and set a "market perform" rating on the stock in a report on Monday, October 28th. Finally, Truist Financial cut their target price on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating for the company in a research note on Friday, October 18th.

Hexcel Stock Performance

Shares of NYSE HXL traded down $0.50 during midday trading on Monday, reaching $66.32. 3,235,438 shares of the stock were exchanged, compared to its average volume of 693,324. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 50.63, a PEG ratio of 1.77 and a beta of 1.30. The firm has a 50-day simple moving average of $62.98 and a two-hundred day simple moving average of $62.55. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09.

Hexcel (NYSE:HXL - Get Free Report) last released its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. The company had revenue of $457.00 million during the quarter, compared to analysts' expectations of $457.07 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. The firm's revenue for the quarter was up 8.9% on a year-over-year basis. As a group, analysts anticipate that Hexcel will post 2.02 EPS for the current fiscal year.

Hedge Funds Weigh In On Hexcel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HXL. Speece Thorson Capital Group Inc. grew its stake in shares of Hexcel by 15.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 244,873 shares of the aerospace company's stock valued at $15,140,000 after buying an additional 32,960 shares during the period. Barclays PLC grew its position in 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 Hexcel by 12.3% during 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 last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of Hexcel by 215.5% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 865,235 shares of the aerospace company's stock valued at $54,034,000 after purchasing an additional 590,975 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of Hexcel by 11.7% during the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company's stock worth $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.

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.