Carpenter Technology Corp. Reaches New 12-Month High at $60.04 (CRS)
Carpenter Technology Corp. (NYSE:CRS)’s share price reached a new 52-week high during mid-day trading on Tuesday, Analyst Ratings Network.com reports. The stock traded as high as $60.04 and last traded at $59.16, with a volume of 327,890 shares traded. The stock had previously closed at $58.11.
CRS has been the subject of a number of recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Carpenter Technology Corp. (NYSE:CRS) in a research note to investors on Monday, September 16th. They now have a $72.00 price target on the stock, up previously from $62.00. Analysts at Zacks upgraded shares of Carpenter Technology Corp. (NYSE:CRS) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 9th. They now have a $47.60 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $61.43.
Carpenter Technology Corp. has a 52-week low of $43.30 and a 52-week high of $60.04. The stock’s 50-day moving average is $56.45 and its 200-day moving average is $50.05. The company has a market cap of $3.156 billion and a P/E ratio of 21.24.
Carpenter Technology Corp. (NYSE:CRS) last released its earnings data on Tuesday, July 30th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.07. The company had revenue of $611.80 million for the quarter, compared to the consensus estimate of $625.98 million. During the same quarter last year, the company posted $0.88 earnings per share. Carpenter Technology Corp.’s revenue was down 5.0% compared to the same quarter last year. Analysts expect that Carpenter Technology Corp. will post $3.28 EPS for the current fiscal year.
Carpenter Technology Corporation (NYSE:CRS), is engaged in the manufacturing, fabrication and distribution of specialty metals.
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