Hexcel (NYSE:HXL) Rating Increased to Buy at StockNews.com

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

Several other equities analysts have also recently commented on the stock. Truist Financial boosted their price target on shares of Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada boosted their target price on Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their price target on Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a report on Thursday, November 21st. TD Cowen upgraded Hexcel to a “hold” rating in a report on Monday, February 24th. Finally, Wells Fargo & Company lifted their target price on shares of Hexcel from $81.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.09.

Hexcel Stock Up 1.3 %

Shares of HXL traded up $0.71 during mid-day trading on Monday, reaching $57.19. The company’s stock had a trading volume of 1,255,914 shares, compared to its average volume of 899,591. Hexcel has a 1 year low of $55.25 and a 1 year high of $73.58. The company has a quick ratio of 1.20, a current ratio of 2.21 and a debt-to-equity ratio of 0.46. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 35.97, a price-to-earnings-growth ratio of 1.72 and a beta of 1.30. The business has a fifty day moving average of $63.71 and a 200 day moving average of $62.42.

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%. As a group, analysts forecast that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hexcel

Several large investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after acquiring an additional 17,011 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Hexcel by 12.3% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 581,557 shares of the aerospace company’s stock worth $35,957,000 after buying an additional 63,730 shares during the period. FMR LLC boosted its stake in Hexcel by 11.7% in the 3rd quarter. FMR LLC now owns 77,493 shares of the aerospace company’s stock valued at $4,791,000 after buying an additional 8,135 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Hexcel by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock valued at $68,021,000 after acquiring an additional 24,133 shares during the period. Finally, Kopion Asset Management LLC raised its stake in Hexcel by 11.2% during the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock worth $6,142,000 after acquiring an additional 9,861 shares in the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

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.