Hexcel (NYSE:HXL) Upgraded at StockNews.com

Hexcel (NYSE:HXL - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Tuesday.

A number of other analysts have also commented on the company. Royal Bank of Canada lifted their price objective on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research report on Thursday, November 21st. TD Cowen upgraded Hexcel to a "hold" rating in a research report on Thursday, December 19th. BMO Capital Markets lowered their price objective on Hexcel from $70.00 to $68.00 and set a "market perform" rating for the company in a research report on Monday, October 28th. Finally, Truist Financial lifted their price objective on Hexcel from $76.00 to $85.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hexcel has an average rating of "Hold" and a consensus target price of $73.09.

Hexcel Price Performance

Shares of NYSE:HXL traded up $1.37 during midday trading on Tuesday, reaching $65.56. The company's stock had a trading volume of 979,404 shares, compared to its average volume of 1,387,299. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. The company has a market capitalization of $5.32 billion, a P/E ratio of 41.23, a P/E/G ratio of 1.84 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The business's fifty day simple moving average is $64.75 and its 200-day simple moving average is $62.76.

Hexcel (NYSE:HXL - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting analysts' consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. As a group, equities research analysts expect that Hexcel will post 2.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Hexcel

Several institutional investors have recently modified their holdings of HXL. Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $156,919,000 after purchasing an additional 2,446,716 shares in the last quarter. Norges Bank bought a new position in shares of Hexcel during the 4th quarter valued at 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 lifted its holdings in shares of Hexcel by 249.6% during 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 in the last quarter. Finally, DAVENPORT & Co LLC lifted its holdings in shares of Hexcel by 1,153.9% during the 4th quarter. DAVENPORT & Co LLC now owns 535,962 shares of the aerospace company's stock valued at $33,546,000 after purchasing an additional 493,218 shares in the last quarter. Institutional investors 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.