Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $186.59 in the prior trading day, Carpenter Technology Corp (NYSE: CRS) closed at $183.17, down -1.83%. In other words, the price has decreased by -$1.83 from its previous closing price. On the day, 0.57 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CRS by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 56.44 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 35.79. For the most recent quarter (mrq), Quick Ratio is recorded 1.92 and its Current Ratio is at 3.80. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.40.
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, JP Morgan on November 22, 2024, initiated with a Overweight rating and assigned the stock a target price of $220.
On July 30, 2024, BTIG Research reiterated its Buy rating and also lowered its target price recommendation from $120 to $165.
On June 26, 2024, BTIG Research started tracking the stock assigning a Buy rating and target price of $120.BTIG Research initiated its Buy rating on June 26, 2024, with a $120 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 Nov 20 ’24 when LAIN TIMOTHY sold 3,250 shares for $183.10 per share. The transaction valued at 595,091 led to the insider holds 95,038 shares of the business.
Thene Tony R sold 28,500 shares of CRS for $5,161,263 on Nov 20 ’24. The President and CEO now owns 494,206 shares after completing the transaction at $181.10 per share. On Nov 19 ’24, another insider, Younessi Ramin, who serves as the Director of the company, sold 422 shares for $181.20 each. As a result, the insider received 76,465 and left with 4,499 shares of the company.
Valuation Measures:
As of this moment, Carpenter’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.57, and their Forward P/E ratio for the next fiscal year is 21.29. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.18 while its Price-to-Book (P/B) ratio in mrq is 5.32.
Stock Price History:
Over the past 52 weeks, CRS has reached a high of $213.65, while it has fallen to a 52-week low of $60.65. The 50-Day Moving Average of the stock is -2.36%, while the 200-Day Moving Average is calculated to be 23.08%.
Shares Statistics:
A total of 49.88M shares are outstanding, with a floating share count of 47.39M. Insiders hold about 5.13% of the company’s shares, while institutions hold 88.66% stake in the company.
