Hexcel’s (HXL) “Equal Weight” Rating Reaffirmed at Wells Fargo & Company

Hexcel (NYSE:HXL)‘s stock had its “equal weight” rating restated by investment analysts at Wells Fargo & Company in a research note issued on Tuesday,Benzinga reports. They currently have a $55.00 target price on the aerospace company’s stock, down from their prior target price of $63.00. Wells Fargo & Company‘s target price would indicate a potential upside of 4.27% from the stock’s previous close.

Other research analysts also recently issued research reports about the company. Morgan Stanley reduced their target price on Hexcel from $61.00 to $50.00 and set an “underperform” rating on the stock in a report on Friday. Royal Bank of Canada boosted their price target on Hexcel from $74.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. TD Cowen raised Hexcel to a “hold” rating in a report on Monday, February 24th. Truist Financial decreased their price target on shares of Hexcel from $85.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, March 28th. Finally, StockNews.com downgraded shares of Hexcel from a “buy” rating to a “hold” rating in a report on Friday. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $69.00.

Hexcel Stock Up 1.7 %

HXL stock opened at $52.75 on Tuesday. The stock has a 50-day simple moving average of $58.32 and a two-hundred day simple moving average of $61.30. The firm has a market capitalization of $4.24 billion, a PE ratio of 33.18, a PEG ratio of 1.72 and a beta of 1.08. Hexcel has a twelve month low of $45.28 and a twelve month 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) last announced its quarterly earnings data on Wednesday, January 22nd. The aerospace company reported $0.52 EPS for the quarter, meeting the consensus estimate of $0.52. Hexcel had a return on equity of 10.66% and a net margin of 6.94%. On average, equities analysts predict that Hexcel will post 2.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Hexcel

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC boosted its stake in shares of Hexcel by 32.1% in the 3rd quarter. Barclays PLC now owns 70,023 shares of the aerospace company’s stock valued at $4,330,000 after buying an additional 17,011 shares during the period. Charles Schwab Investment Management Inc. raised its position in Hexcel by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,084,860 shares of the aerospace company’s stock valued at $68,021,000 after purchasing an additional 24,133 shares during the last quarter. Kopion Asset Management LLC grew its holdings in shares of Hexcel by 11.2% during the fourth quarter. Kopion Asset Management LLC now owns 97,960 shares of the aerospace company’s stock worth $6,142,000 after buying an additional 9,861 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Hexcel during the fourth quarter worth $242,000. Finally, Oak Thistle LLC increased its stake in shares of Hexcel by 303.5% during the fourth quarter. Oak Thistle LLC now owns 19,169 shares of the aerospace company’s stock worth $1,202,000 after acquiring an additional 14,418 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.