Carpenter Technology Corp. Price Target Raised to $78.00 at Buckingham Research (CRS)
Analysts at Buckingham Research increased their target price on shares of Carpenter Technology Corp. (NYSE:CRS) to $78.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. Buckingham Research’s price objective suggests a potential upside of 25.85% from the company’s current price.
CRS has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of Carpenter Technology Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 31st. They now have a $62.90 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Carpenter Technology Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, October 30th. They now have a $57.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $64.98.
Carpenter Technology Corp. (NYSE:CRS) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $498.60 million for the quarter, compared to the consensus estimate of $544.88 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. The company’s revenue for the quarter was down 8.5% on a year-over-year basis.
Carpenter Technology Corporation (NYSE:CRS), is engaged in the manufacturing, fabrication and distribution of specialty metals.
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