While Carpenter Technology Corp has underperformed by -1.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRS rose by 187.91%, with highs and lows ranging from $213.65 to $60.65, whereas the simple moving average jumped by 23.08% in the last 200 days.
On November 22, 2024, JP Morgan started tracking Carpenter Technology Corp (NYSE: CRS) recommending Overweight. A report published by BTIG Research on July 30, 2024, Reiterated its previous ‘Buy’ rating for CRS. BTIG Research also rated CRS shares as ‘Buy’, setting a target price of $120 on the company’s shares in an initiating report dated June 26, 2024. Deutsche Bank Initiated an Buy rating on June 25, 2024, and assigned a price target of $144. Northcoast May 06, 2024d its ‘Buy’ rating to ‘Neutral’ for CRS, as published in its report on May 06, 2024. Northcoast’s report from August 25, 2023 suggests a price prediction of $73 for CRS shares, giving the stock a ‘Buy’ rating. Cowen also rated the stock as ‘Outperform’.
Analysis of Carpenter Technology Corp (CRS)
Investors in Carpenter Technology Corp will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.80 per share. Further, the quarter-over-quarter increase in sales is 8.44%, showing a positive trend in the upcoming months.
One of the most important indicators of Carpenter Technology Corp’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 16.82% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.92, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CRS is recording 812.13K average volume. On a monthly basis, the volatility of the stock is set at 3.79%, whereas on a weekly basis, it is put at 3.68%, with a loss of -3.64% over the past seven days. Furthermore, long-term investors anticipate a median target price of $244.60, showing growth from the present price of $183.17, which can serve as yet another indication of whether CRS is worth investing in or should be passed over.
How Do You Analyze Carpenter Technology Corp Shares?
The Metal Fabrication market is dominated by Carpenter Technology Corp (CRS) based in the USA. When comparing Carpenter Technology Corp shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 34.57, there is a growth in quarterly earnings of 95.24%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 5.13%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 88.66% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CRS shares are owned by institutional investors to the tune of 88.66% at present.
