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

Hexcel (NYSE:HXL - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Sunday.

A number of other research firms also recently commented on HXL. Wells Fargo & Company reduced their target price on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Thursday. BMO Capital Markets reduced their price objective on Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a research note on Wednesday. Royal Bank of Canada lowered their target price on shares of Hexcel from $70.00 to $62.00 and set an "outperform" rating for the company in a research note on Wednesday. TD Cowen upgraded shares of Hexcel to a "hold" rating in a research report on Monday, February 24th. Finally, Truist Financial lowered their price objective on shares of Hexcel from $73.00 to $67.00 and set a "buy" rating for the company in a research report on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $61.20.

Hexcel Stock Up 0.2 %

Shares of NYSE:HXL opened at $50.27 on Friday. The firm has a market cap of $4.04 billion, a PE ratio of 31.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. The company has a fifty day simple moving average of $55.68 and a 200 day simple moving average of $60.69. 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 12-month low of $45.28 and a 12-month high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last released its earnings results on Monday, April 21st. The aerospace company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The company had revenue of $456.50 million during the quarter, compared to the consensus estimate of $482.18 million. During the same period in the previous year, the firm posted $0.44 EPS. On average, equities research analysts anticipate that Hexcel will post 2.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Hexcel

Several large investors have recently made changes to their positions in HXL. Price T Rowe Associates Inc. MD increased its position in Hexcel by 4,372.3% in the 4th 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. Norges Bank acquired a new position in shares of Hexcel during the fourth quarter valued at $60,241,000. Brandes Investment Partners LP raised its stake in shares of Hexcel by 99.6% during the fourth quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company's stock valued at $81,803,000 after purchasing an additional 651,062 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in 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 period. Finally, DAVENPORT & Co LLC grew its position in Hexcel by 1,153.9% in the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company's stock valued at $33,546,000 after buying an additional 493,218 shares in the last quarter. 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.

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