Hexcel Corporation (NYSE:HXL) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Sunday.

Several other brokerages have also weighed in on HXL. Zacks Investment Research upgraded shares of Hexcel Corporation from a “sell” rating to a “hold” rating in a report on Friday, April 7th. Jefferies Group LLC restated a “hold” rating and issued a $52.00 price objective on shares of Hexcel Corporation in a report on Friday, July 7th. Cowen and Company restated a “buy” rating and issued a $57.00 price objective on shares of Hexcel Corporation in a report on Tuesday, July 11th. Finally, Aegis restated a “buy” rating on shares of Hexcel Corporation in a report on Wednesday, May 31st. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $55.30.

Hexcel Corporation (NYSE HXL) traded up 0.30% on Friday, hitting $54.36. The company’s stock had a trading volume of 345,582 shares. The company has a market capitalization of $4.94 billion, a P/E ratio of 19.69 and a beta of 1.04. The company has a 50 day moving average price of $51.20 and a 200-day moving average price of $52.11. Hexcel Corporation has a 1-year low of $41.03 and a 1-year high of $55.91.

Hexcel Corporation (NYSE:HXL) last announced its quarterly earnings data on Wednesday, April 19th. The aerospace company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by $0.03. Hexcel Corporation had a net margin of 13.02% and a return on equity of 19.45%. The business had revenue of $478.80 million during the quarter, compared to analyst estimates of $522.29 million. During the same quarter in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, equities analysts forecast that Hexcel Corporation will post $2.69 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Hexcel Corporation by 3.8% in the first quarter. Vanguard Group Inc. now owns 7,005,362 shares of the aerospace company’s stock valued at $382,143,000 after buying an additional 257,243 shares during the period. BlackRock Inc. raised its stake in Hexcel Corporation by 12,782.1% in the first quarter. BlackRock Inc. now owns 4,690,618 shares of the aerospace company’s stock valued at $255,874,000 after buying an additional 4,654,206 shares during the period. Broad Run Investment Management LLC raised its stake in Hexcel Corporation by 3.4% in the first quarter. Broad Run Investment Management LLC now owns 2,951,469 shares of the aerospace company’s stock valued at $161,003,000 after buying an additional 96,115 shares during the period. William Blair Investment Management LLC raised its stake in Hexcel Corporation by 9.5% in the first quarter. William Blair Investment Management LLC now owns 1,802,923 shares of the aerospace company’s stock valued at $98,349,000 after buying an additional 155,762 shares during the period. Finally, Schroder Investment Management Group raised its stake in Hexcel Corporation by 39.7% in the first quarter. Schroder Investment Management Group now owns 1,791,793 shares of the aerospace company’s stock valued at $97,546,000 after buying an additional 509,076 shares during the period. Institutional investors own 99.90% of the company’s stock.

About Hexcel Corporation

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.

Analyst Recommendations for Hexcel Corporation (NYSE:HXL)

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