StockNews.com Downgrades Hexcel (NYSE:HXL) to Hold

Hexcel (NYSE:HXL) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Several other research firms also recently issued reports on HXL. TD Cowen upgraded shares of Hexcel to a “hold” rating in a research note on Monday, February 24th. Truist Financial decreased their price target on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, March 28th. Royal Bank of Canada raised their price objective on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Barclays decreased their target price on Hexcel from $75.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Finally, Morgan Stanley dropped their target price on Hexcel from $61.00 to $50.00 and set an “underperform” rating on the stock in a report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.73.

Hexcel Trading Up 1.6 %

Shares of HXL opened at $51.91 on Friday. Hexcel has a twelve month low of $45.28 and a twelve month high of $73.58. The firm has a market capitalization of $4.17 billion, a P/E ratio of 32.65, a price-to-earnings-growth ratio of 1.72 and a beta of 1.08. 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 fifty day simple moving average is $58.55 and its 200 day simple moving average is $61.36.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, equities research analysts forecast that Hexcel will post 2.14 earnings per share for the current year.

Institutional Trading of Hexcel

Several institutional investors have recently added to or reduced their stakes in HXL. Allworth Financial LP increased its position in shares of Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock worth $42,000 after purchasing an additional 567 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Hexcel in the fourth quarter valued at about $49,000. Manchester Capital Management LLC raised its stake in Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after buying an additional 420 shares in the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Hexcel during the 4th quarter worth approximately $57,000. Finally, NBC Securities Inc. acquired a new position in shares of Hexcel in the 1st quarter worth approximately $61,000. 95.47% of the stock is owned by institutional investors and hedge funds.

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.