Carpenter Technology Corp. [CRS] stock prices are up 1.11% to $78.91 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRS shares have gain 4.01% over the last week, with a monthly amount glided 15.35%, 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 and provided a target price of N/A on this stock.
The stock price of Carpenter Technology Corp. [CRS] has been fluctuating between $44.40 and $82.16 over the past year. Carpenter Technology Corp. [NYSE: CRS] shares were valued at $78.91 at the most recent close of the market.
Analyzing the CRS fundamentals
The Carpenter Technology Corp. [NYSE:CRS] reported sales of 2.72B for trailing twelve months, representing a surge of 7.79% . 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
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 76.75 points at the first support level, and at 74.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.04, and for the 2nd resistance point, it is at 81.18.
Carpenter Technology Corp. [CRS] reported earnings per share of $0.85 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.85/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $0.89 per share as compared to estimates of $0.76 per share, a difference of $0.13 representing a surprise of 17.10%.
Ratios To Look Out For
It’s worth pointing out that Carpenter Technology Corp. [NYSE:CRS]’s Current Ratio is 2.90. Also, the Quick Ratio is 1.26, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 2.65 and price to earnings (TTM) ratio is 27.42.
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.
