Carpenter Technology Corp.’s Market Journey: Closing Weak at 154.37, Down -1.52

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The closing price of Carpenter Technology Corp. (NYSE: CRS) was $154.37 for the day, down -1.52% from the previous closing price of $156.76. In other words, the price has decreased by -$1.52 from its previous closing price. On the day, 1.36 million shares were traded. CRS stock price reached its highest trading level at $156.98 during the session, while it also had its lowest trading level at $144.76.

Ratios:

Our analysis of CRS’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 38.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.25. For the most recent quarter (mrq), Quick Ratio is recorded 1.84 and its Current Ratio is at 3.41. In the meantime, Its Debt-to-Equity ratio is 0.46 whereas as Long-Term Debt/Eq ratio is at 0.45.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BTIG Research on July 30, 2024, Reiterated its Buy rating but revised its target price to $165 from $120 previously.

On June 26, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $120.

On June 25, 2024, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $144.Deutsche Bank initiated its Buy rating on June 25, 2024, with a $144 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 17 ’24 when INGLIS I MARTIN sold 750 shares for $143.63 per share. The transaction valued at 107,722 led to the insider holds 4,253 shares of the business.

IAN M INGLIS bought 750 shares of CRS for $107,723 on Sep 17 ’24. On Aug 21 ’24, another insider, Younessi Ramin, who serves as the Director of the company, sold 3,234 shares for $143.50 each. As a result, the insider received 464,070 and left with 3,887 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRS now has a Market Capitalization of 7829769728 and an Enterprise Value of 8372069888. As of this moment, Carpenter’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.75, and their Forward P/E ratio for the next fiscal year is 20.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.79 while its Price-to-Book (P/B) ratio in mrq is 4.72. Its current Enterprise Value per Revenue stands at 3.034 whereas that against EBITDA is 18.28.

Stock Price History:

Over the past 52 weeks, CRS has reached a high of $166.51, while it has fallen to a 52-week low of $58.87. The 50-Day Moving Average of the stock is 2.87%, while the 200-Day Moving Average is calculated to be 45.88%.

Shares Statistics:

CRS traded an average of 569.75K shares per day over the past three months and 616560 shares per day over the past ten days. A total of 49.78M shares are outstanding, with a floating share count of 47.27M. Insiders hold about 5.36% of the company’s shares, while institutions hold 91.71% stake in the company. Shares short for CRS as of 1727654400 were 1605451 with a Short Ratio of 2.82, compared to 1724976000 on 1452052. Therefore, it implies a Short% of Shares Outstanding of 1605451 and a Short% of Float of 4.5.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 2.09.

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