Hexcel Corporation (NYSE:HXL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

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 analysts have also weighed in on the company. Canaccord Genuity reiterated a “hold” rating and issued a $54.00 target price on shares of Hexcel Corporation in a research note on Friday, September 29th. Loop Capital began coverage on Hexcel Corporation in a research note on Thursday, September 28th. They issued a “hold” rating and a $61.00 target price on the stock. KeyCorp reiterated a “buy” rating and issued a $60.00 target price on shares of Hexcel Corporation in a research note on Friday, September 1st. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 target price on shares of Hexcel Corporation in a research note on Friday, September 29th. Finally, Vertical Research lowered Hexcel Corporation from a “buy” rating to a “hold” rating and reduced their target price for the stock from $58.00 to $54.00 in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $58.00.

Hexcel Corporation (HXL) opened at 58.94 on Tuesday. The company has a 50 day moving average of $56.77 and a 200 day moving average of $53.40. Hexcel Corporation has a 52 week low of $43.21 and a 52 week high of $60.41. The stock has a market capitalization of $5.29 billion, a P/E ratio of 21.59 and a beta of 1.04.

Hexcel Corporation (NYSE:HXL) last released its quarterly earnings results on Wednesday, October 18th. The aerospace company reported $0.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.02. Hexcel Corporation had a return on equity of 18.69% and a net margin of 12.99%. The company had revenue of $491.50 million for the quarter, compared to analyst estimates of $507.77 million. During the same quarter in the prior year, the firm posted $0.65 EPS. Hexcel Corporation’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts expect that Hexcel Corporation will post $2.68 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/10/19/hexcel-corporation-hxl-rating-increased-to-hold-at-zacks-investment-research.html.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. grew its position in shares of Hexcel Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,930 shares of the aerospace company’s stock worth $471,000 after buying an additional 23 shares in the last quarter. Advisor Group Inc. grew its position in shares of Hexcel Corporation by 0.5% during the 2nd quarter. Advisor Group Inc. now owns 5,201 shares of the aerospace company’s stock worth $275,000 after buying an additional 24 shares in the last quarter. Teacher Retirement System of Texas grew its position in shares of Hexcel Corporation by 1.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,326 shares of the aerospace company’s stock worth $387,000 after buying an additional 97 shares in the last quarter. Albion Financial Group UT grew its position in shares of Hexcel Corporation by 1.2% during the 2nd quarter. Albion Financial Group UT now owns 8,697 shares of the aerospace company’s stock worth $459,000 after buying an additional 100 shares in the last quarter. Finally, Comerica Bank grew its position in shares of Hexcel Corporation by 1.4% during the 2nd quarter. Comerica Bank now owns 9,056 shares of the aerospace company’s stock worth $494,000 after buying an additional 128 shares in the last quarter. 96.61% of the stock is currently owned by institutional investors and hedge funds.

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)

Receive News & Stock Ratings for Hexcel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hexcel Corporation and related stocks with our FREE daily email newsletter.