Hexcel (NYSE:HXL - Get Free Report) had its target price reduced by analysts at Morgan Stanley from $61.00 to $50.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "underperform" rating on the aerospace company's stock. Morgan Stanley's target price suggests a potential downside of 5.21% from the company's current price.
HXL has been the topic of a number of other reports. StockNews.com upgraded shares of Hexcel from a "hold" rating to a "buy" rating in a report on Monday, March 17th. Wells Fargo & Company lowered their price objective on Hexcel from $87.00 to $63.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Truist Financial decreased their price target on Hexcel from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, March 28th. TD Cowen raised shares of Hexcel to a "hold" rating in a research note on Monday, February 24th. Finally, Barclays lowered their target price on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Hexcel currently has an average rating of "Hold" and an average target price of $69.73.
Get Our Latest Analysis on HXL
Hexcel Price Performance
HXL traded up $0.87 during trading on Friday, hitting $52.75. 1,489,580 shares of the company traded hands, compared to its average volume of 952,357. The company has a market cap of $4.24 billion, a PE ratio of 33.18, a P/E/G ratio of 1.72 and a beta of 1.08. Hexcel has a 1 year low of $45.28 and a 1 year high of $73.58. 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 stock's 50-day simple moving average is $58.32 and its two-hundred day simple moving average is $61.30.
Hexcel (NYSE:HXL - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 EPS 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, sell-side analysts anticipate that Hexcel will post 2.14 earnings per share for the current fiscal year.
Institutional Trading of Hexcel
Institutional investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock worth $926,000 after acquiring an additional 202 shares in the last quarter. Huntington National Bank grew its position in Hexcel by 21.4% during the 4th quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock worth $73,000 after purchasing an additional 204 shares during the last quarter. GAMMA Investing LLC increased its stake in Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company's stock valued at $74,000 after purchasing an additional 206 shares in the last quarter. Insigneo Advisory Services LLC raised its holdings in shares of Hexcel by 4.5% in the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock worth $318,000 after buying an additional 218 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its stake in shares of Hexcel by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company's stock worth $2,243,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 95.47% of the company's stock.
About Hexcel
(
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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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