Hexcel (NYSE:HXL) Upgraded at TD Cowen

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

HXL has been the subject of several other reports. StockNews.com downgraded Hexcel from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Truist Financial increased their price objective on Hexcel from $76.00 to $85.00 and gave the company a “buy” rating in a report on Friday, January 24th. 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 report on Friday, January 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Hexcel from $63.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. Finally, BMO Capital Markets reduced their target price on shares of Hexcel from $70.00 to $68.00 and set a “market perform” rating for the company in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Hexcel presently has a consensus rating of “Hold” and an average target price of $73.09.

Hexcel Price Performance

HXL stock opened at $62.40 on Monday. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 39.25, a PEG ratio of 1.72 and a beta of 1.31. Hexcel has a fifty-two week low of $57.50 and a fifty-two week high of $77.09. 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 business has a 50 day moving average price of $64.84 and a 200 day moving average price of $62.83.

Hexcel (NYSE:HXL) last issued its quarterly earnings data 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 6.94% and a return on equity of 10.66%. Equities research analysts anticipate that Hexcel will post 2.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hexcel

Several hedge funds have recently added to or reduced their stakes in the business. Insigneo Advisory Services LLC grew its holdings in shares of 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 buying an additional 172 shares in the last quarter. UMB Bank n.a. grew its position in shares of Hexcel by 1.4% in the fourth quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company’s stock valued at $926,000 after purchasing an additional 202 shares during the period. Huntington National Bank lifted its position in Hexcel by 21.4% during the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company’s stock worth $73,000 after buying an additional 204 shares during the period. GAMMA Investing LLC lifted its position in Hexcel by 21.1% during the fourth quarter. GAMMA Investing LLC now owns 1,181 shares of the aerospace company’s stock worth $74,000 after buying an additional 206 shares during the period. Finally, Treasurer of the State of North Carolina boosted its stake in Hexcel by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 35,779 shares of the aerospace company’s stock worth $2,243,000 after buying an additional 220 shares during the last quarter. 95.47% of the stock is currently owned by hedge funds and other institutional investors.

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.