Hexcel (NYSE:HXL) Rating Increased to Hold at TD Cowen

Hexcel (NYSE:HXL) was upgraded by equities researchers at TD Cowen to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other analysts have also issued reports on the stock. StockNews.com upgraded shares of Hexcel from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Vertical Research cut Hexcel from a “buy” rating to a “hold” rating and set a $65.00 price objective on the stock. in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their price objective on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Truist Financial decreased their target price on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Finally, Royal Bank of Canada upgraded Hexcel from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $68.00 to $74.00 in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus price target of $71.33.

Hexcel Price Performance

Shares of Hexcel stock opened at $63.06 on Thursday. The firm has a market cap of $5.11 billion, a PE ratio of 48.14, a P/E/G ratio of 1.96 and a beta of 1.30. Hexcel has a twelve month low of $57.50 and a twelve month high of $77.09. The company has a quick ratio of 1.51, a current ratio of 2.76 and a debt-to-equity ratio of 0.51. The business has a 50-day moving average price of $61.95 and a 200 day moving average price of $62.65.

Hexcel (NYSE:HXL) last posted its quarterly earnings data on Monday, October 21st. The aerospace company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Hexcel had a return on equity of 9.99% and a net margin of 5.73%. The business 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 business earned $0.38 earnings per share. The business’s revenue was up 8.9% compared to the same quarter last year. Sell-side analysts predict that Hexcel will post 2.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hexcel

A number of institutional investors have recently bought and sold shares of HXL. Summit Financial LLC increased its holdings in shares of Hexcel by 2.9% during the 2nd quarter. Summit Financial LLC now owns 5,357 shares of the aerospace company’s stock worth $335,000 after buying an additional 153 shares during the last quarter. Insigneo Advisory Services LLC increased its stake in Hexcel by 3.7% during the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock worth $300,000 after acquiring an additional 172 shares during the last quarter. Huntington National Bank raised its position in Hexcel by 30.8% in the third quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 225 shares during the period. NBW Capital LLC lifted its stake in shares of Hexcel by 1.1% in the 2nd quarter. NBW Capital LLC now owns 27,246 shares of the aerospace company’s stock valued at $1,702,000 after purchasing an additional 302 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in shares of Hexcel by 53.8% in the 3rd quarter. First Horizon Advisors Inc. now owns 932 shares of the aerospace company’s stock valued at $58,000 after purchasing an additional 326 shares during the last quarter. 95.47% of the stock is owned by hedge funds and other 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.