Crane NXT (NYSE:CXT) Stock Rating Upgraded by Jefferies Financial Group

Key Points

• Jefferies upgraded Crane NXT to “strong buy,” contributing to a consensus “buy” rating among analysts and an average price target of $66.83.
• Crane NXT reported quarterly EPS of $1.10, exceeding estimates of $1.04, while revenue rose 22.1% year over year to $493.2 million.
• The stock opened at $48.50, with a market capitalization of $2.79 billion, and institutional investors own 77.49% of outstanding shares.

Crane NXT (NYSE:CXT - Get Free Report) was upgraded by research analysts at Jefferies Financial Group to a "strong-buy" rating in a research report issued to clients and investors on Tuesday, Zacks reports.

Several other research firms have also recently weighed in on CXT. Weiss Ratings upgraded Crane NXT from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, August 13th. Northland Securities set a $65.00 price objective on Crane NXT in a report on Monday, August 10th. Robert W. Baird set a $68.00 target price on Crane NXT in a research report on Friday, August 7th. Finally, DA Davidson reiterated a "buy" rating and set a $85.00 target price on shares of Crane NXT in a research report on Friday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $66.83.

Crane NXT Stock Performance

Shares of NYSE CXT opened at $48.50 on Tuesday. The company has a market cap of $2.79 billion, a P/E ratio of 20.04 and a beta of 1.08. Crane NXT has a 52-week low of $35.71 and a 52-week high of $69.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42. The firm's fifty day moving average is $50.65 and its two-hundred day moving average is $46.07.

Crane NXT (NYSE:CXT - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The business had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. During the same quarter in the prior year, the firm earned $0.97 EPS. The business's revenue was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, analysts anticipate that Crane NXT will post 4.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Crane NXT

Large investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC purchased a new stake in shares of Crane NXT in the second quarter worth approximately $247,000. Integrated Wealth Concepts LLC purchased a new position in Crane NXT during the 2nd quarter valued at $53,000. Nykredit A S purchased a new position in Crane NXT during the 2nd quarter valued at $150,000. Corient Private Wealth LP grew its position in Crane NXT by 15.0% in the 2nd quarter. Corient Private Wealth LP now owns 22,179 shares of the company's stock valued at $1,135,000 after acquiring an additional 2,892 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Crane NXT in the 2nd quarter valued at $527,000. 77.49% of the stock is owned by institutional investors.

About Crane NXT

Crane NXT, Inc is a technology company that develops solutions for payment acceptance, cash management and brand protection. Its products are used by businesses and governments to authenticate currency, process transactions and protect products and documents from counterfeiting.

Through its Crane Payment Innovations business, the company provides banknote and coin validators, cashless payment systems, transaction-processing technology, telemetry and related software. These solutions serve industries such as vending, gaming, retail, transportation and other unattended-payment markets.

Crane NXT also operates Crane Currency, which supplies banknotes, security features and authentication technologies for central banks, commercial institutions and other organizations.

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