StockNews.com Upgrades Hexcel (NYSE:HXL) to Buy

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

Other analysts have also recently issued reports about the stock. TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Royal Bank of Canada lifted their target price on Hexcel from $74.00 to $82.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their target price on Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research note on Thursday, November 21st. Truist Financial upped their price target on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, January 24th. Finally, Wells Fargo & Company lifted their price objective on Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $73.09.

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Hexcel Price Performance

NYSE HXL traded down $1.02 during trading hours on Monday, reaching $55.80. 2,410,189 shares of the company's stock were exchanged, compared to its average volume of 913,276. The firm has a fifty day moving average of $63.27 and a 200-day moving average of $62.30. Hexcel has a one year low of $54.70 and a one year high of $73.58. The stock has a market cap of $4.53 billion, a PE ratio of 35.09, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. 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 (NYSE:HXL - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, equities research analysts predict that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hexcel

Hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its stake in Hexcel by 4,372.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,502,676 shares of the aerospace company's stock worth $156,919,000 after buying an additional 2,446,716 shares during the period. Norges Bank acquired a new stake in shares of Hexcel during the fourth quarter worth about $60,241,000. Brandes Investment Partners LP lifted its holdings in shares of Hexcel by 99.6% during the 4th 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 grew its position in shares of Hexcel by 249.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 815,658 shares of the aerospace company's stock valued at $51,142,000 after purchasing an additional 582,353 shares during the period. Finally, DAVENPORT & Co LLC increased its stake in Hexcel by 1,153.9% during the 4th 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 in the last quarter. 95.47% of the stock is owned by institutional investors.

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.