StockNews.com Upgrades Hexcel (NYSE:HXL) to Buy

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

Other research analysts also recently issued reports about the stock. Royal Bank of Canada upped their target price on shares of Hexcel from $74.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Wells Fargo & Company lowered Hexcel from an “overweight” rating to a “reduce” rating in a research note on Tuesday, April 15th. Truist Financial cut their target price on Hexcel from $80.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday. TD Cowen upgraded Hexcel to a “hold” rating in a research note on Monday, February 24th. Finally, Morgan Stanley dropped their price target on Hexcel from $61.00 to $50.00 and set an “underperform” rating on the stock in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hexcel has a consensus rating of “Hold” and a consensus target price of $67.40.

Hexcel Price Performance

Hexcel stock opened at $52.03 on Friday. Hexcel has a 1 year low of $45.28 and a 1 year high of $73.58. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.20 and a current ratio of 2.21. The firm has a 50 day moving average price of $57.26 and a 200 day moving average price of $61.05. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 32.73, a PEG ratio of 1.72 and a beta of 1.08.

Hexcel (NYSE:HXL) last released its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, hitting analysts’ consensus estimates of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. Sell-side analysts predict that Hexcel will post 2.14 earnings per share for the current year.

Institutional Investors Weigh In On Hexcel

Several large investors have recently modified their holdings of HXL. Allworth Financial LP raised its holdings in shares of Hexcel by 1,069.8% during the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 567 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in shares of Hexcel during the fourth quarter worth $49,000. Manchester Capital Management LLC boosted its position in Hexcel by 100.0% during the fourth quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 420 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Hexcel in the 4th quarter worth about $57,000. Finally, NBC Securities Inc. purchased a new stake in shares of Hexcel during the 1st quarter worth about $61,000. 95.47% of the stock is owned by 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.