Hexcel (NYSE:HXL) Raised to “Buy” at StockNews.com

Hexcel (NYSE:HXL) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Other analysts have also issued research reports about the stock. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Thursday, December 19th. Royal Bank of Canada upped their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Truist Financial lifted their target price on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. BMO Capital Markets lowered their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a research note on Monday, October 28th. Finally, UBS Group raised their price target on shares of Hexcel from $67.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.09.

Hexcel Price Performance

HXL stock opened at $64.90 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. Hexcel has a 1 year low of $57.50 and a 1 year high of $77.09. The stock has a 50-day simple moving average of $64.66 and a 200-day simple moving average of $62.75. The firm has a market cap of $5.27 billion, a P/E ratio of 40.82, a price-to-earnings-growth ratio of 1.84 and a beta of 1.31.

Hexcel (NYSE:HXL) last released its quarterly 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 net margin of 6.94% and a return on equity of 10.66%. On average, equities analysts predict that Hexcel will post 2.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HXL. Massachusetts Financial Services Co. MA boosted its stake in Hexcel by 24.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,996,363 shares of the aerospace company’s stock valued at $125,172,000 after buying an additional 395,744 shares in the last quarter. Sei Investments Co. increased its stake in Hexcel by 9.0% in the 4th quarter. Sei Investments Co. now owns 1,482,249 shares of the aerospace company’s stock worth $92,938,000 after purchasing an additional 122,281 shares in the last quarter. Brandes Investment Partners LP raised its holdings in Hexcel by 99.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,304,669 shares of the aerospace company’s stock worth $81,803,000 after buying an additional 651,062 shares during the period. American Century Companies Inc. lifted its stake in Hexcel by 66.9% during the fourth quarter. American Century Companies Inc. now owns 1,198,136 shares of the aerospace company’s stock valued at $75,123,000 after buying an additional 480,207 shares in the last quarter. Finally, Copeland Capital Management LLC boosted its holdings in shares of Hexcel by 12.5% in the third quarter. Copeland Capital Management LLC now owns 1,161,415 shares of the aerospace company’s stock worth $71,810,000 after buying an additional 129,335 shares during the period. 95.47% of the stock is currently owned by institutional investors.

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.