Hexcel Corporation (HXL) Upgraded by Zacks Investment Research to Hold
Zacks Investment Research upgraded shares of Hexcel Corporation (NYSE:HXL) from a sell rating to a hold rating in a report published on Tuesday morning.
According to Zacks, “HEXCEL CORP. is an international developer and manufacturer of lightweight, high-performance composite materials, parts and structures for use in the commercial aerospace, space and defense, recreation and general industrial markets. “
A number of other research firms have also recently issued reports on HXL. Canaccord Genuity restated a hold rating and issued a $54.00 price objective on shares of Hexcel Corporation in a research report on Friday, September 29th. Loop Capital started coverage on shares of Hexcel Corporation in a research report on Thursday, September 28th. They issued a hold rating and a $61.00 price objective on the stock. KeyCorp restated a buy rating and issued a $60.00 price objective on shares of Hexcel Corporation in a research report on Friday, September 1st. Jefferies Group LLC restated a hold rating and issued a $50.00 price objective on shares of Hexcel Corporation in a research report on Friday, September 29th. Finally, Vertical Research cut shares of Hexcel Corporation from a buy rating to a hold rating and decreased their price objective for the company from $58.00 to $54.00 in a research report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $58.00.
Shares of Hexcel Corporation (NYSE:HXL) opened at 58.55 on Tuesday. Hexcel Corporation has a one year low of $41.91 and a one year high of $60.41. The firm’s 50-day moving average price is $56.34 and its 200-day moving average price is $53.29. The firm has a market capitalization of $5.26 billion, a P/E ratio of 21.45 and a beta of 1.04.
Hexcel Corporation (NYSE:HXL) last released its quarterly earnings data on Monday, July 24th. The aerospace company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.02). Hexcel Corporation had a net margin of 12.99% and a return on equity of 18.69%. The firm had revenue of $491.30 million during the quarter, compared to analysts’ expectations of $518.29 million. During the same quarter in the previous year, the firm posted $0.70 EPS. Hexcel Corporation’s revenue was down 6.0% compared to the same quarter last year. On average, equities analysts forecast that Hexcel Corporation will post $2.68 earnings per share for the current year.
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Several hedge funds and other institutional investors have recently made changes to their positions in HXL. UBS Asset Management Americas Inc. increased its position in shares of Hexcel Corporation by 7.5% during the first quarter. UBS Asset Management Americas Inc. now owns 61,837 shares of the aerospace company’s stock valued at $3,373,000 after buying an additional 4,334 shares during the period. Ameriprise Financial Inc. increased its position in shares of Hexcel Corporation by 137.5% during the first quarter. Ameriprise Financial Inc. now owns 84,919 shares of the aerospace company’s stock valued at $4,632,000 after buying an additional 49,164 shares during the period. KBC Group NV increased its position in shares of Hexcel Corporation by 280.3% during the first quarter. KBC Group NV now owns 6,328 shares of the aerospace company’s stock valued at $345,000 after buying an additional 4,664 shares during the period. Neuberger Berman Group LLC grew its holdings in Hexcel Corporation by 5.2% in the first quarter. Neuberger Berman Group LLC now owns 5,523 shares of the aerospace company’s stock worth $301,000 after purchasing an additional 271 shares during the period. Finally, Teachers Advisors LLC grew its holdings in Hexcel Corporation by 1.1% in the first quarter. Teachers Advisors LLC now owns 662,248 shares of the aerospace company’s stock worth $36,126,000 after purchasing an additional 7,475 shares during the period. Institutional investors own 96.61% of the company’s stock.
Hexcel Corporation Company Profile
Hexcel Corporation is a composites company. The Company develops, manufactures, and markets lightweight, structural materials, including carbon fibers, specialty reinforcements, prepregs and other fiber-reinforced matrix materials, honeycomb, adhesives, engineered honeycomb and structures, for use in Commercial Aerospace, Space and Defense and Industrial markets.
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