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Carpenter Technology Corp. (NYSE:CRS)‘s stock had its “buy” rating reaffirmed by Topeka Capital Markets in a research note issued on Wednesday. They currently have a $70.00 target price on the stock, down from their previous target price of $79.00. Topeka Capital Markets’ price objective would suggest a potential upside of 27.00% from the company’s current price.

Separately, analysts at Zacks downgraded shares of Carpenter Technology Corp. from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 16th. They now have a $58.70 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $67.14.

Shares of Carpenter Technology Corp. (NYSE:CRS) traded down 2.75% during mid-day trading on Wednesday, hitting $55.12. The stock had a trading volume of 920,953 shares. Carpenter Technology Corp. has a one year low of $52.22 and a one year high of $67.00. The stock’s 50-day moving average is $61.37 and its 200-day moving average is $61.73. The company has a market cap of $2.926 billion and a P/E ratio of 22.44.

Carpenter Technology Corp. (NYSE:CRS) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.74 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.74. The company had revenue of $604.60 million for the quarter, compared to the consensus estimate of $618.52 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Analysts expect that Carpenter Technology Corp. will post $3.39 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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