At the time of writing, Carpenter Technology Corp [CRS] stock is trading at $195.19, down -6.16%. 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 6.56% over the last week, with a monthly amount drifted -5.84%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Carpenter Technology Corp [NYSE: CRS] stock has seen the most recent analyst activity on November 22, 2024, when JP Morgan initiated its Overweight rating and assigned the stock a price target of $220. Previously, BTIG Research reaffirmed its Buy rating on July 30, 2024, and elevated its price target to $165. On June 26, 2024, BTIG Research initiated with a Buy rating and assigned a price target of $120 on the stock. Deutsche Bank started tracking the stock assigning a Buy rating and suggested a price target of $144 on June 25, 2024. Northcoast downgraded its rating to a Neutral. Northcoast started tracking with a Buy rating for this stock on August 25, 2023, and assigned it a price target of $73. In a note dated September 12, 2022, Cowen upgraded an Outperform rating on this stock but restated the target price of $45.
For the past year, the stock price of Carpenter Technology Corp fluctuated between $62.99 and $213.65. Currently, Wall Street analysts expect the stock to reach $230 within the next 12 months. Carpenter Technology Corp [NYSE: CRS] shares were valued at $195.19 at the most recent close of the market. An investor can expect a potential return of 17.83% based on the average CRS price forecast.
Analyzing the CRS fundamentals
According to Carpenter Technology Corp [NYSE:CRS], the company’s sales were 2.88B for trailing twelve months, which represents an 8.44% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.17 and Total Capital is 0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.4.
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 188.83 points at the first support level, and at 182.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 206.40, and for the 2nd resistance point, it is at 217.61.
Ratios To Look Out For
It is important to note that Carpenter Technology Corp [NYSE:CRS] has a current ratio of 3.80. As well, the Quick Ratio is 1.92, while the Cash Ratio is 0.38. Considering the valuation of this stock, the price to sales ratio is 3.39, the price to book ratio is 5.67 and price to earnings (TTM) ratio is 36.84.
Transactions by insiders
Recent insider trading involved LAIN TIMOTHY, SVP and CFO, that happened on Nov 20 ’24 when 3250.0 shares were sold. President and CEO, Thene Tony R completed a deal on Nov 20 ’24 to sell 28500.0 shares. Meanwhile, Director Younessi Ramin sold 422.0 shares on Nov 19 ’24.
