Hexcel Co. (HXL) Stock Rating Lowered by Zacks Investment Research
Hexcel Co. (NYSE:HXL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
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. “
Several other research analysts also recently weighed in on HXL. Aegis started coverage on Hexcel in a research note on Monday, November 21st. They set a “buy” rating and a $59.00 target price on the stock. Wolfe Research started coverage on Hexcel in a research note on Wednesday, November 23rd. They set a “market perform” rating on the stock. Deutsche Bank AG boosted their target price on Hexcel from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 5th. Vertical Group restated a “buy” rating and set a $55.00 target price (up from $52.00) on shares of Hexcel in a research note on Friday, December 16th. Finally, Credit Suisse Group AG restated a “hold” rating on shares of Hexcel in a research note on Tuesday, December 20th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $54.56.
Shares of Hexcel (NYSE:HXL) opened at 53.88 on Friday. Hexcel has a 12 month low of $38.87 and a 12 month high of $55.91. The firm has a 50-day moving average price of $53.13 and a 200-day moving average price of $49.06. The stock has a market cap of $4.93 billion, a PE ratio of 20.33 and a beta of 0.99.
Hexcel (NYSE:HXL) last announced its earnings results on Wednesday, January 25th. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Hexcel had a return on equity of 19.67% and a net margin of 12.46%. The firm had revenue of $483.50 million for the quarter, compared to the consensus estimate of $497.55 million. During the same period in the previous year, the business earned $0.56 EPS. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts forecast that Hexcel will post $2.72 EPS for the current year.
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In other Hexcel news, CFO Wayne C. Pensky sold 10,249 shares of Hexcel stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $55.32, for a total transaction of $566,974.68. Following the completion of the sale, the chief financial officer now owns 94,313 shares of the company’s stock, valued at approximately $5,217,395.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Thierry Merlot sold 4,774 shares of Hexcel stock in a transaction dated Thursday, March 2nd. The stock was sold at an average price of $55.29, for a total value of $263,954.46. Following the sale, the insider now directly owns 16,182 shares of the company’s stock, valued at approximately $894,702.78. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.
A number of hedge funds have recently modified their holdings of HXL. Norges Bank purchased a new stake in shares of Hexcel during the fourth quarter worth approximately $31,627,000. I.G. Investment Management LTD. boosted its stake in shares of Hexcel by 47.8% in the fourth quarter. I.G. Investment Management LTD. now owns 27,500 shares of the company’s stock worth $1,415,000 after buying an additional 8,900 shares in the last quarter. United Capital Financial Advisers LLC boosted its stake in shares of Hexcel by 2.0% in the fourth quarter. United Capital Financial Advisers LLC now owns 35,679 shares of the company’s stock worth $1,835,000 after buying an additional 710 shares in the last quarter. Capital International Inc. CA boosted its stake in shares of Hexcel by 4.2% in the fourth quarter. Capital International Inc. CA now owns 74,500 shares of the company’s stock worth $3,832,000 after buying an additional 3,000 shares in the last quarter. Finally, Ellington Management Group LLC purchased a new stake in shares of Hexcel during the fourth quarter worth approximately $376,000. 98.02% of the stock is owned by institutional investors.
Hexcel 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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