Morgan Stanley Cuts Hexcel (NYSE:HXL) Price Target to $50.00

Hexcel (NYSE:HXL - Get Free Report) had its price objective decreased by equities research analysts at Morgan Stanley from $61.00 to $50.00 in a report released on Friday,Benzinga reports. The brokerage presently has an "underperform" rating on the aerospace company's stock. Morgan Stanley's price objective would suggest a potential downside of 3.40% from the company's previous close.

HXL has been the subject of a number of other research reports. Truist Financial lowered their price target on shares of Hexcel from $85.00 to $80.00 and set a "buy" rating for the company in a report on Friday, March 28th. Wells Fargo & Company lowered their price objective on Hexcel from $87.00 to $63.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. TD Cowen raised Hexcel to a "hold" rating in a research report on Monday, February 24th. Royal Bank of Canada raised their price target on Hexcel from $74.00 to $82.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Finally, StockNews.com raised shares of Hexcel from a "hold" rating to a "buy" rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $69.00.

Hexcel Stock Performance

Shares of NYSE:HXL traded down $0.44 during midday trading on Friday, hitting $51.76. The company had a trading volume of 346,441 shares, compared to its average volume of 948,315. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 32.55, a PEG ratio of 1.72 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.21 and a quick ratio of 1.20. The company has a fifty day moving average of $58.08 and a two-hundred day moving average of $61.24. Hexcel has a 12-month low of $45.28 and a 12-month high of $73.58.

Hexcel (NYSE:HXL - Get Free Report) last issued its quarterly 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 net margin of 6.94% and a return on equity of 10.66%. On average, equities research analysts expect that Hexcel will post 2.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Hexcel

Hedge funds and other institutional investors have recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in shares of Hexcel by 1.4% during the 4th quarter. UMB Bank n.a. now owns 14,766 shares of the aerospace company's stock worth $926,000 after purchasing an additional 202 shares during the period. Huntington National Bank lifted its position in Hexcel by 21.4% in the fourth quarter. Huntington National Bank now owns 1,159 shares of the aerospace company's stock valued at $73,000 after buying an additional 204 shares during the last quarter. GAMMA Investing LLC boosted its stake 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. Insigneo Advisory Services LLC increased its position in shares of Hexcel by 4.5% during the fourth quarter. Insigneo Advisory Services LLC now owns 5,077 shares of the aerospace company's stock valued at $318,000 after acquiring an additional 218 shares during the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of 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 valued at $2,243,000 after acquiring an additional 220 shares during the period. 95.47% of the stock is currently owned by institutional investors and hedge funds.

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.