Hexcel Reaches New 52-Week High (HXL)

NEW YORK ( TheStreet) -- Hexcel Corporation (NYSE: HXL) hit a new 52-week high Friday as it is currently trading at $26.50, above its previous 52-week high of $26.48 with 356,563 shares traded as of 1:10 p.m. ET. Average volume has been 849,500 shares over the past 30 days.

Hexcel has a market cap of $2.52 billion and is part of the industrial goods sector and aerospace/defense industry. Shares are up 6.3% year to date as of the close of trading on Thursday.

Hexcel Corporation, together with its subsidiaries, engages in the development, manufacture, and marketing of lightweight and high-performance composites for use in commercial aerospace, space and defense, and industrial applications. The company has a P/E ratio of 21, below the average aerospace/defense industry P/E ratio of 21.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hexcel as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Hexcel Ratings Report.

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