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

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

A number of other research analysts have also recently commented on HXL. Truist Financial cut their price target on shares of Hexcel from $78.00 to $76.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Vertical Research lowered Hexcel from a “buy” rating to a “hold” rating and set a $65.00 target price on the stock. in a research note on Thursday, October 10th. UBS Group lowered their price objective on shares of Hexcel from $73.00 to $71.00 and set a “neutral” rating for the company in a research report on Monday, July 1st. BMO Capital Markets reduced their target price on shares of Hexcel from $71.00 to $70.00 and set a “market perform” rating for the company in a research note on Monday, September 30th. Finally, Stifel Nicolaus reduced their target price on shares of Hexcel from $86.00 to $84.00 and set a “buy” rating for the company in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $71.77.

Hexcel Price Performance

NYSE:HXL traded down $1.69 during mid-day trading on Wednesday, reaching $62.70. 1,228,376 shares of the stock were exchanged, compared to its average volume of 873,643. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09. The firm has a market capitalization of $5.21 billion, a PE ratio of 53.59, a PEG ratio of 1.38 and a beta of 1.29. The business has a fifty day moving average price of $61.64 and a 200 day moving average price of $64.29. The company has a current ratio of 2.75, a quick ratio of 1.55 and a debt-to-equity ratio of 0.51.

Hexcel (NYSE:HXL) last posted its earnings results on Monday, October 21st. The aerospace company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a net margin of 5.78% and a return on equity of 9.55%. The firm had revenue of $457.00 million during the quarter, compared to analysts’ expectations of $457.07 million. During the same period in the previous year, the company earned $0.38 earnings per share. The company’s revenue was up 8.9% compared to the same quarter last year. Research analysts expect that Hexcel will post 2.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hexcel

Large investors have recently bought and sold shares of the company. Fidelis Capital Partners LLC bought a new position in shares of Hexcel in the 1st quarter valued at $36,000. Centerpoint Advisors LLC grew its holdings in Hexcel by 44.6% during the 1st quarter. Centerpoint Advisors LLC now owns 723 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 223 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Hexcel in the first quarter valued at approximately $54,000. Eastern Bank acquired a new stake in Hexcel in the third quarter worth $62,000. Finally, GAMMA Investing LLC raised its stake in Hexcel by 34.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,068 shares of the aerospace company’s stock worth $67,000 after buying an additional 276 shares during the period. 95.47% of the stock is currently 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.