At the time of writing, Carpenter Technology Corp. [CRS] stock is trading at $124.88, up 3.51%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRS shares have gain 2.15% over the last week, with a monthly amount glided 25.57%, 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 June 26, 2024, when BTIG Research initiated its Buy rating and assigned the stock a price target of $120. Previously, Deutsche Bank started tracking the stock with Buy rating on June 25, 2024, and set its price target to $144. On May 06, 2024, downgrade downgraded it’s rating to Neutral. Northcoast started tracking the stock assigning a Buy rating and suggested a price target of $73 on August 25, 2023. Cowen upgraded its rating to a Outperform but $45 remained the price target by the analyst firm on September 12, 2022. JP Morgan upgraded its rating to Overweight for this stock on February 11, 2022, and upped its price target to $53. In a note dated January 13, 2022, The Benchmark Company upgraded an Buy rating on this stock but restated the target price of $40.
For the past year, the stock price of Carpenter Technology Corp. fluctuated between $55.74 and $124.52. Currently, Wall Street analysts expect the stock to reach $144 within the next 12 months. Carpenter Technology Corp. [NYSE: CRS] shares were valued at $124.88 at the most recent close of the market. An investor can expect a potential return of 15.31% based on the average CRS price forecast.
Analyzing the CRS fundamentals
According to Carpenter Technology Corp. [NYSE:CRS], the company’s sales were 2.72B for trailing twelve months, which represents an -0.75% plunge. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.47.
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 120.17 points at the first support level, and at 115.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 127.72, and for the 2nd resistance point, it is at 130.56.
Ratios To Look Out For
It is important to note that Carpenter Technology Corp. [NYSE:CRS] has a current ratio of 3.20. As well, the Quick Ratio is 1.45, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 2.28, the price to book ratio is 4.11 and price to earnings (TTM) ratio is 47.58.
Transactions by insiders
Recent insider trading involved DEE JAMES D, SVP Gen Counsel & Sec, that happened on May 21 ’24 when 23518.0 shares were sold. Director, KAROL STEVEN E completed a deal on May 15 ’24 to sell 2445.0 shares. Meanwhile, VP Chief Commercial Officer AKINS MARSHALL D sold 4358.0 shares on May 08 ’24.
