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Carpenter Technology Corp. (NYSE: CRS) closed the day trading at $156.18 down -0.70% from the previous closing price of $157.28. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 0.55 million shares were traded. CRS stock price reached its highest trading level at $158.11 during the session, while it also had its lowest trading level at $153.24.
Ratios:
For a better understanding of CRS, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 43.75. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 7800800256 and an Enterprise Value of 8343100416. As of this moment, Carpenter’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.24, and their Forward P/E ratio for the next fiscal year is 19.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.83 while its Price-to-Book (P/B) ratio in mrq is 4.77. Its current Enterprise Value per Revenue stands at 3.023 whereas that against EBITDA is 18.216.
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 5.90%, while the 200-Day Moving Average is calculated to be 52.11%.
Shares Statistics:
Over the past 3-months, CRS traded about 616.60K shares per day on average, while over the past 10 days, CRS traded about 480190 shares per day. 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 91.57% stake in the company. Shares short for CRS as of 1727654400 were 1605451 with a Short Ratio of 2.60, 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
CRS’s forward annual dividend rate is 0.80, up from 0.8 a year ago. Against a Trailing Annual Dividend Yield of 0.00508647The stock’s 5-year Average Dividend Yield is 2.09.
