Hexcel (NYSE:HXL) Rating Lowered to Hold at StockNews.com

Hexcel (NYSE:HXL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts have also issued reports on the stock. 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 report on Monday, October 28th. Wells Fargo & Company raised their price objective on shares of Hexcel from $81.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Royal Bank of Canada lifted their price objective on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a research report on Thursday, December 19th. Finally, 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 report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $73.09.

Hexcel Stock Down 1.3 %

HXL opened at $64.09 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.20 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $5.20 billion, a price-to-earnings ratio of 40.31, a P/E/G ratio of 1.92 and a beta of 1.31. The business has a 50 day moving average of $64.91 and a 200-day moving average of $62.79. Hexcel has a 1-year low of $57.50 and a 1-year high of $77.09.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. Hexcel had a net margin of 6.94% and a return on equity of 10.66%. As a group, sell-side analysts anticipate that Hexcel will post 2.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HXL. True Wealth Design LLC acquired a new position in shares of Hexcel in the third quarter valued at approximately $30,000. Allworth Financial LP grew its holdings in Hexcel by 1,069.8% in the 4th quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after buying an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in Hexcel during the 4th quarter worth $49,000. Manchester Capital Management LLC lifted its holdings in shares of Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock worth $53,000 after buying an additional 420 shares in the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in shares of Hexcel in the third quarter valued at about $56,000. 95.47% of the stock is owned by 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.