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

Hexcel (NYSE:HXL - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Sunday.

A number of other brokerages have also recently issued reports on HXL. Wells Fargo & Company reduced their price objective on Hexcel from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. TD Cowen upgraded Hexcel to a "hold" rating in a research report on Monday, February 24th. BMO Capital Markets cut their target price on shares of Hexcel from $72.00 to $52.00 and set a "market perform" rating on the stock in a report on Wednesday, April 23rd. UBS Group lowered their price target on shares of Hexcel from $53.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, April 23rd. Finally, Barclays cut their price target on shares of Hexcel from $75.00 to $68.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hexcel has an average rating of "Hold" and an average price target of $61.20.

Hexcel Price Performance

Shares of Hexcel stock traded up $0.11 during trading on Friday, hitting $48.58. 1,235,094 shares of the stock traded hands, compared to its average volume of 959,662. The firm's fifty day moving average is $54.55 and its 200-day moving average is $60.39. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 30.55, a PEG ratio of 1.72 and a beta of 1.08. Hexcel has a 52 week low of $45.28 and a 52 week 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.

Hexcel (NYSE:HXL - Get Free Report) last posted its quarterly earnings results on Monday, April 21st. The aerospace company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.06). Hexcel had a return on equity of 10.66% and a net margin of 6.94%. The business had revenue of $456.50 million for the quarter, compared to analysts' expectations of $482.18 million. During the same period last year, the business posted $0.44 earnings per share. Research analysts expect that Hexcel will post 2.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Allworth Financial LP raised its holdings in Hexcel by 1,069.8% in the fourth quarter. Allworth Financial LP now owns 620 shares of the aerospace company's stock worth $42,000 after purchasing an additional 567 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new position in Hexcel during the 4th quarter valued at about $49,000. Manchester Capital Management LLC lifted its position in Hexcel by 100.0% during the 4th quarter. Manchester Capital Management LLC now owns 840 shares of the aerospace company's stock valued at $53,000 after acquiring an additional 420 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Hexcel during the fourth quarter worth about $57,000. Finally, Parvin Asset Management LLC purchased a new stake in Hexcel in the fourth quarter worth about $66,000. Institutional investors own 95.47% of the company's stock.

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.