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

Hexcel (NYSE:HXL) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

HXL has been the topic of a number of other research reports. Truist Financial lowered their price objective on Hexcel from $78.00 to $76.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. TD Cowen raised shares of Hexcel to a “hold” rating in a research report on Thursday, December 19th. Royal Bank of Canada raised shares of Hexcel from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $68.00 to $74.00 in a report on Thursday, December 19th. BMO Capital Markets reduced their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Monday, October 28th. Finally, UBS Group increased their price target on shares of Hexcel from $67.00 to $69.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hexcel currently has an average rating of “Hold” and an average price target of $71.33.

Hexcel Price Performance

Hexcel stock traded up $2.22 during midday trading on Thursday, reaching $70.69. The company had a trading volume of 2,872,391 shares, compared to its average volume of 1,431,917. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.76 and a quick ratio of 1.51. Hexcel has a 12-month low of $57.50 and a 12-month high of $77.09. The company has a market capitalization of $5.73 billion, a P/E ratio of 53.96, a P/E/G ratio of 1.94 and a beta of 1.30. The firm’s fifty day simple moving average is $63.57 and its 200-day simple moving average is $62.69.

Hexcel (NYSE:HXL) last posted its quarterly earnings results on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share for the quarter, hitting the consensus estimate of $0.52. Hexcel had a net margin of 5.73% and a return on equity of 9.99%. As a group, equities analysts anticipate that Hexcel will post 2.02 EPS for the current year.

Hedge Funds Weigh In On Hexcel

Institutional investors have recently bought and sold shares of the company. Insigneo Advisory Services LLC boosted its stake in shares of Hexcel by 3.7% in the third quarter. Insigneo Advisory Services LLC now owns 4,859 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 172 shares during the period. UMB Bank n.a. lifted its holdings in Hexcel by 1.4% during the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock worth $926,000 after buying an additional 202 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Hexcel by 21.1% during the 4th quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after buying an additional 206 shares in the last quarter. Huntington National Bank boosted its position in Hexcel by 30.8% in the 3rd quarter. Huntington National Bank now owns 955 shares of the aerospace company’s stock valued at $59,000 after buying an additional 225 shares during the period. Finally, Janney Montgomery Scott LLC grew its stake in shares of Hexcel by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 43,511 shares of the aerospace company’s stock worth $2,728,000 after acquiring an additional 232 shares in the last quarter. 95.47% of the stock is owned by institutional investors and hedge funds.

About Hexcel

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.