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

Hexcel logo with Aerospace background

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

HXL has been the topic of a number of other research reports. Truist Financial cut their price objective on shares of Hexcel from $78.00 to $76.00 and set a "buy" rating on the stock in a research report on Friday, October 18th. Royal Bank of Canada upgraded Hexcel from a "sector perform" rating to an "outperform" rating and increased their price target for the stock from $68.00 to $74.00 in a report on Thursday. StockNews.com upgraded Hexcel from a "hold" rating to a "buy" rating in a report on Wednesday, October 23rd. 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 report on Wednesday, December 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Hexcel from $63.00 to $60.00 and set a "hold" rating for the company in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $71.33.

Get Our Latest Analysis on HXL

Hexcel Trading Down 0.8 %

HXL stock traded down $0.53 during mid-day trading on Thursday, reaching $62.53. The company's stock had a trading volume of 2,246,498 shares, compared to its average volume of 872,976. Hexcel has a 12 month low of $57.50 and a 12 month high of $77.09. The company has a current ratio of 2.76, a quick ratio of 1.51 and a debt-to-equity ratio of 0.51. The business's 50 day moving average price is $61.95 and its 200 day moving average price is $62.65. The company has a market cap of $5.07 billion, a price-to-earnings ratio of 47.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30.

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 the consensus estimate of $0.46 by $0.01. The company had revenue of $457.00 million during the quarter, compared to analyst estimates of $457.07 million. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. Hexcel's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.38 EPS. On average, equities research analysts predict that Hexcel will post 2.02 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HXL. Sumitomo Mitsui Trust Holdings Inc. bought a new position in Hexcel during the second quarter valued at about $250,000. RiverPark Advisors LLC increased its stake in shares of Hexcel by 18.1% during the 2nd quarter. RiverPark Advisors LLC now owns 5,312 shares of the aerospace company's stock worth $332,000 after purchasing an additional 814 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Hexcel by 2.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,867 shares of the aerospace company's stock worth $1,116,000 after purchasing an additional 383 shares during the period. Speece Thorson Capital Group Inc. lifted its stake in Hexcel by 19.5% in the second quarter. Speece Thorson Capital Group Inc. now owns 211,913 shares of the aerospace company's stock valued at $13,234,000 after purchasing an additional 34,605 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Hexcel by 46.6% during the second quarter. Principal Financial Group Inc. now owns 465,642 shares of the aerospace company's stock valued at $29,079,000 after purchasing an additional 147,930 shares during the period. Institutional investors own 95.47% of the company's stock.

Hexcel Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Hexcel (NYSE:HXL)

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