Hexcel (NYSE:HXL) Rating Lowered to Sell at Zacks Investment Research

Hexcel (NYSE:HXL) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, December 19th.

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. “

Other equities research analysts have also issued reports about the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $54.00 price objective on shares of Hexcel in a report on Thursday, October 19th. Loop Capital assumed coverage on shares of Hexcel in a report on Thursday, September 28th. They set a “hold” rating and a $61.00 price objective for the company. Bank of America raised their target price on shares of Hexcel from $65.00 to $70.00 and gave the company a “buy” rating in a report on Friday, October 20th. KeyCorp raised their target price on shares of Hexcel from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Friday, October 20th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $67.00 target price (up from $60.00) on shares of Hexcel in a report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $63.00.

Shares of Hexcel (HXL) traded down $0.63 on Tuesday, reaching $62.47. 750,400 shares of the company’s stock were exchanged, compared to its average volume of 705,329. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.53 and a current ratio of 2.74. Hexcel has a twelve month low of $49.20 and a twelve month high of $64.33. The stock has a market cap of $5,690.00, a price-to-earnings ratio of 22.55, a P/E/G ratio of 2.91 and a beta of 1.10.

Hexcel (NYSE:HXL) last announced its quarterly earnings data on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.02. Hexcel had a net margin of 13.13% and a return on equity of 18.40%. The business had revenue of $491.50 million during the quarter, compared to analyst estimates of $507.77 million. During the same period last year, the firm posted $0.65 EPS. The company’s revenue was down 1.8% on a year-over-year basis. equities research analysts expect that Hexcel will post 2.68 EPS for the current year.

In other Hexcel news, CEO Nick L. Stanage sold 25,000 shares of Hexcel stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $63.02, for a total transaction of $1,575,500.00. Following the completion of the transaction, the chief executive officer now directly owns 179,463 shares of the company’s stock, valued at $11,309,758.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nick L. Stanage sold 27,174 shares of Hexcel stock in a transaction on Monday, January 8th. The stock was sold at an average price of $64.01, for a total transaction of $1,739,407.74. Following the transaction, the chief executive officer now directly owns 181,637 shares of the company’s stock, valued at $11,626,584.37. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,971 shares of company stock valued at $6,501,241. 2.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. boosted its stake in Hexcel by 5.0% during the second quarter. BlackRock Inc. now owns 4,924,139 shares of the aerospace company’s stock worth $259,946,000 after buying an additional 233,521 shares during the period. Epoch Investment Partners Inc. boosted its stake in Hexcel by 6.6% during the second quarter. Epoch Investment Partners Inc. now owns 3,246,155 shares of the aerospace company’s stock worth $171,365,000 after buying an additional 199,893 shares during the period. Broad Run Investment Management LLC boosted its stake in Hexcel by 1.0% during the second quarter. Broad Run Investment Management LLC now owns 2,980,460 shares of the aerospace company’s stock worth $157,338,000 after buying an additional 28,991 shares during the period. Earnest Partners LLC boosted its stake in Hexcel by 0.7% during the third quarter. Earnest Partners LLC now owns 2,806,392 shares of the aerospace company’s stock worth $161,143,000 after buying an additional 18,602 shares during the period. Finally, State Street Corp boosted its stake in Hexcel by 7.8% during the second quarter. State Street Corp now owns 2,325,125 shares of the aerospace company’s stock worth $122,742,000 after buying an additional 169,088 shares during the period. 96.48% of the stock is owned by institutional investors.

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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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