At the time of writing, Carpenter Technology Corp. [CRS] stock is trading at $156.65, up 1.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The CRS shares have gain 10.00% over the last week, with a monthly amount glided 9.09%, 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 July 30, 2024, when BTIG Research reiterated its Buy rating and also boosted its price target to $165 from $120. Previously, BTIG Research started tracking the stock with Buy rating on June 26, 2024, and set its price target to $120. On June 25, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $144 on the stock. Northcoast downgraded its rating to a Neutral. Northcoast initiated its recommendation with a Buy and recommended $73 as its price target on August 25, 2023. Cowen upgraded its rating to Outperform for this stock on September 12, 2022, but kept the price target unchanged to $45. In a note dated February 11, 2022, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $52 to $53.
For the past year, the stock price of Carpenter Technology Corp. fluctuated between $58.87 and $155.58. Currently, Wall Street analysts expect the stock to reach $144 within the next 12 months. Carpenter Technology Corp. [NYSE: CRS] shares were valued at $156.65 at the most recent close of the market. An investor can expect a potential drop of -8.08% based on the average CRS price forecast.
Analyzing the CRS fundamentals
According to Carpenter Technology Corp. [NYSE:CRS], the company’s sales were 2.76B for trailing twelve months, which represents an 5.36% jump. Gross Profit Margin for this corporation currently stands at 0.21% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.12 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.
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 154.23 points at the first support level, and at 151.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 158.28, and for the 2nd resistance point, it is at 159.91.
Ratios To Look Out For
It is important to note that Carpenter Technology Corp. [NYSE:CRS] has a current ratio of 3.41. On the other hand, the Quick Ratio is 1.84, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 2.84, the price to book ratio is 4.79 and price to earnings (TTM) ratio is 42.37.
Transactions by insiders
Recent insider trading involved INGLIS I MARTIN, Director, that happened on Sep 17 ’24 when 750.0 shares were sold. Director, IAN M INGLIS completed a deal on Sep 17 ’24 to buy 750.0 shares. Meanwhile, Director Younessi Ramin sold 3234.0 shares on Aug 21 ’24.
