While Carpenter Technology Corp. has overperformed by 0.62%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CRS rose by 103.98%, with highs and lows ranging from $104.85 to $44.40, whereas the simple moving average jumped by 52.48% in the last 200 days.
On May 06, 2024, Northcoast Downgraded Carpenter Technology Corp. (NYSE: CRS) to Neutral. A report published by Northcoast on August 25, 2023, Initiated its previous ‘Buy’ rating for CRS. Cowen also Upgraded CRS shares as ‘Outperform’, setting a target price of $45 on the company’s shares in a report dated September 12, 2022. JP Morgan February 11, 2022d the rating to Overweight on February 11, 2022, and set its price target from $52 to $53. The Benchmark Company January 13, 2022d its ‘Hold’ rating to ‘Buy’ for CRS, as published in its report on January 13, 2022. JP Morgan’s report from June 16, 2021 suggests a price prediction of $49 for CRS shares, giving the stock a ‘Neutral’ rating. Cowen also rated the stock as ‘Market Perform’.
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 decrease in sales is -0.75%, showing a negative 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 9.25% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.45, 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 526.97K can be a very valuable indicator of volatility for CRS stock. On a monthly basis, the volatility of the stock is set at 4.08%, whereas on a weekly basis, it is put at 5.35%, with a gain of 19.65% over the past seven days. Furthermore, long-term investors anticipate a median target price of $108.00, showing growth from the present price of $102.54, 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 39.06, there is a growth in quarterly earnings of -67.21%.
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 3.03%. 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 91.55% 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 91.55% at present.
