Hexcel (NYSE:HXL) Upgraded 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 research note issued on Monday.

A number of other equities research analysts have also recently commented on the company. TD Cowen raised Hexcel to a “hold” rating in a report on Monday, February 24th. Royal Bank of Canada lifted 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. Deutsche Bank Aktiengesellschaft reduced their target price on Hexcel from $63.00 to $60.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Wells Fargo & Company boosted their price objective on Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, Truist Financial boosted their price objective on Hexcel from $76.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.09.

Hexcel Price Performance

NYSE HXL opened at $56.95 on Monday. The company has a market capitalization of $4.62 billion, a PE ratio of 35.82, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The business’s fifty day moving average is $63.56 and its 200 day moving average is $62.37. Hexcel has a fifty-two week low of $55.25 and a fifty-two week high of $73.58.

Hexcel (NYSE:HXL) last released its earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Sell-side analysts predict that Hexcel will post 2.14 earnings per share for the current year.

Hedge Funds Weigh In On Hexcel

A number of large investors have recently made changes to their positions in HXL. Assetmark Inc. increased its position in shares of Hexcel by 18.0% during the third quarter. Assetmark Inc. now owns 2,462 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 375 shares in the last quarter. Atria Investments Inc increased its position in shares of Hexcel by 92.1% during the third quarter. Atria Investments Inc now owns 16,334 shares of the aerospace company’s stock worth $1,010,000 after purchasing an additional 7,829 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Hexcel by 4.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 31,086 shares of the aerospace company’s stock worth $1,922,000 after purchasing an additional 1,300 shares in the last quarter. Huntington National Bank increased its position in shares of Hexcel by 30.8% during the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 225 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of Hexcel during the third quarter worth $1,125,000. 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.