Crane NXT (NYSE:CXT) Stock Gets Downgrade from Wall Street Zen

Key Points

• Wall Street Zen downgraded Crane NXT from “Buy” to “Hold,” though the broader analyst consensus remains “Moderate Buy” with an average price target of $66.83.
• Crane NXT reported quarterly EPS of $1.10, beating estimates of $1.04, while revenue reached $493.2 million and increased 22.1% year over year.
• The stock opened at $58.60, with a market capitalization of approximately $3.37 billion; institutional investors and hedge funds own 77.49% of outstanding shares.

Crane NXT (NYSE:CXT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

CXT has been the subject of several other reports. DA Davidson reissued a "buy" rating and issued a $85.00 price objective on shares of Crane NXT in a research note on Friday, September 18th. Robert W. Baird set a $68.00 target price on shares of Crane NXT in a research note on Friday, August 7th. Northland Securities set a $65.00 target price on shares of Crane NXT in a report on Monday, August 10th. Weiss Ratings upgraded shares of Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, August 13th. Finally, Jefferies Financial Group assumed coverage on shares of Crane NXT in a research note on Tuesday, September 22nd. They issued a "buy" rating and a $60.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.83.

Crane NXT Price Performance

NYSE:CXT opened at $58.60 on Friday. Crane NXT has a 12 month low of $35.71 and a 12 month high of $65.56. The stock has a 50 day moving average of $51.02 and a two-hundred day moving average of $47.91. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. The firm has a market cap of $3.37 billion, a P/E ratio of 24.21 and a beta of 1.08.

Crane NXT (NYSE:CXT - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.06. The business had revenue of $493.20 million during the quarter, compared to analysts' expectations of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%. The business's revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, analysts expect that Crane NXT will post 4.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crane NXT

Several hedge funds and other institutional investors have recently bought and sold shares of CXT. Transamerica Financial Advisors LLC acquired a new stake in Crane NXT during the second quarter worth $26,000. Public Employees Retirement System of Ohio acquired a new position in shares of Crane NXT in the 2nd quarter valued at $37,000. Integrated Wealth Concepts LLC acquired a new position in shares of Crane NXT in the 2nd quarter valued at $53,000. State of Wyoming acquired a new position in shares of Crane NXT in the 2nd quarter valued at $124,000. Finally, Nykredit A S purchased a new position in shares of Crane NXT during the 2nd quarter worth $150,000. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Company Profile

Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.

Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.

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