Hexcel (NYSE:HXL) Rating Increased to Hold at TD Cowen

Hexcel (NYSE:HXL - Get Free Report) was upgraded by analysts at TD Cowen to a "hold" rating in a research report issued on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on HXL. Truist Financial lifted their target price on Hexcel from $76.00 to $85.00 and gave the company a "buy" rating in a report on Friday, January 24th. Royal Bank of Canada boosted their target price on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, January 24th. StockNews.com downgraded shares of Hexcel from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. Finally, Wells Fargo & Company increased their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Hexcel has an average rating of "Hold" and a consensus target price of $73.09.

Hexcel Trading Up 1.7 %

HXL traded up $1.04 during midday trading on Monday, hitting $63.41. The company's stock had a trading volume of 1,039,944 shares, compared to its average volume of 1,114,938. Hexcel has a 52-week low of $57.50 and a 52-week high of $77.09. The firm has a 50-day moving average price of $64.81 and a two-hundred day moving average price of $62.82. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a market cap of $5.14 billion, a P/E ratio of 39.88, a PEG ratio of 1.72 and a beta of 1.31.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly 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 net margin of 6.94% and a return on equity of 10.66%. On average, research analysts anticipate that Hexcel will post 2.14 earnings per share for the current year.

Institutional Trading of Hexcel

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp bought a new position in Hexcel during the 4th quarter valued at $437,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Hexcel by 11.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 239,700 shares of the aerospace company's stock worth $15,029,000 after purchasing an additional 24,057 shares during the last quarter. Voloridge Investment Management LLC grew its stake in Hexcel by 0.5% in the fourth quarter. Voloridge Investment Management LLC now owns 513,318 shares of the aerospace company's stock worth $32,185,000 after purchasing an additional 2,306 shares in the last quarter. Tidal Investments LLC acquired a new position in Hexcel in the fourth quarter worth about $12,450,000. Finally, Strategic Wealth Partners Ltd. acquired a new stake in Hexcel during the fourth quarter valued at approximately $1,168,000. Institutional investors 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.