A share price of Carpenter Technology Corp. [CRS] is currently trading at $77.52, up 2.17%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRS shares have lost -3.49% over the last week, with a monthly amount glided 17.38%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Carpenter Technology Corp. [NYSE: CRS] stock has seen the most recent analyst activity on August 25, 2023, when Northcoast initiated its Buy rating and assigned the stock a price target of $73. Previously, Cowen upgraded its rating to Outperform on September 12, 2022, and kept the price target unchanged to $45. On February 11, 2022, upgrade upgraded it’s rating to Overweight and revised its price target to $53 on the stock. The Benchmark Company upgraded its rating to a Buy but stick to its price target of $40 on January 13, 2022. JP Morgan initiated its recommendation with a Neutral and recommended $49 as its price target on June 16, 2021. Cowen downgraded its rating to Market Perform for this stock on August 13, 2020, but kept the price target unchanged to $27. In a note dated January 16, 2020, The Benchmark Company initiated an Hold rating.
Carpenter Technology Corp. experienced fluctuations in its stock price throughout the past year between $44.40 and $82.16. Carpenter Technology Corp. [NYSE: CRS] shares were valued at $77.52 at the most recent close of the market.
Analyzing the CRS fundamentals
Trailing Twelve Months sales for Carpenter Technology Corp. [NYSE:CRS] were 2.72B which represents 7.79% growth. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 75.25 points at the first support level, and at 72.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.75, and for the 2nd resistance point, it is at 79.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Carpenter Technology Corp. [NYSE:CRS] is 2.90. As well, the Quick Ratio is 1.26, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 1.41, the price to book ratio is 2.60 and price to earnings (TTM) ratio is 26.94.
Transactions by insiders
Recent insider trading involved MCLANE CHARLES DOUGLAS JR, Director, that happened on Nov 07 ’23 when 3791.0 shares were sold. Director, KAROL STEVEN E completed a deal on Sep 20 ’23 to sell 1227.0 shares. Meanwhile, VP Chief Commercial Officer AKINS MARSHALL D sold 1500.0 shares on Sep 13 ’23.
