While Carpenter Technology Corp has underperformed by -0.34%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRS rose by 209.40%, with highs and lows ranging from $213.65 to $62.99, whereas the simple moving average jumped by 29.39% 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)
CRS currently pays a dividend of $0.80 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 8.44%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Carpenter Technology Corp’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 887.96K can be a very valuable indicator of volatility for CRS stock. On a monthly basis, the volatility of the stock is set at 5.11%, whereas on a weekly basis, it is put at 6.15%, with a loss of -4.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $251.00, showing growth from the present price of $198.51, 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 USA based company Carpenter Technology Corp (CRS) is one of the biggest names in Metal Fabrication. 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 37.47, there is a growth in quarterly earnings of 95.24%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 4.14%. 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 93.30% 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 93.30% at present.
