Crane NXT, Co. (NYSE:CXT) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• Crane NXT, Co. has received a consensus recommendation of "Moderate Buy" from six brokerages, with an average 12-month price target of $73.75.
• The company reported $0.97 earnings per share for the last quarter, exceeding analyst estimates, and revenue of $404.40 million, also above forecasts.
• Crane NXT recently announced a quarterly dividend of $0.17 per share, yielding approximately 1.1%, with a dividend payout ratio of 25.95%.

Crane NXT, Co. (NYSE:CXT - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $73.75.

Separately, DA Davidson restated a "buy" rating and set a $85.00 target price on shares of Crane NXT in a research note on Monday, August 18th.

Crane NXT Stock Down 2.5%

Shares of Crane NXT stock opened at $60.39 on Monday. The business has a 50-day moving average of $59.40 and a 200-day moving average of $54.37. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.89. The company has a market capitalization of $3.47 billion, a PE ratio of 23.05 and a beta of 1.37. Crane NXT has a 1-year low of $41.54 and a 1-year high of $67.00.

Crane NXT (NYSE:CXT - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.05. The company had revenue of $404.40 million during the quarter, compared to the consensus estimate of $382.79 million. Crane NXT had a return on equity of 20.22% and a net margin of 9.84%. As a group, equities analysts forecast that Crane NXT will post 4.16 EPS for the current fiscal year.

Crane NXT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Friday, August 29th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Friday, August 29th. Crane NXT's dividend payout ratio is 25.95%.

Institutional Investors Weigh In On Crane NXT

Institutional investors have recently modified their holdings of the stock. AlphaQuest LLC acquired a new stake in shares of Crane NXT in the 2nd quarter valued at about $25,000. Park Square Financial Group LLC acquired a new stake in shares of Crane NXT in the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its stake in shares of Crane NXT by 4,080.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company's stock valued at $34,000 after purchasing an additional 612 shares in the last quarter. UMB Bank n.a. raised its stake in shares of Crane NXT by 87.2% in the 1st quarter. UMB Bank n.a. now owns 702 shares of the company's stock valued at $36,000 after purchasing an additional 327 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its stake in shares of Crane NXT by 120.3% in the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $37,000 after purchasing an additional 391 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company's stock.

About Crane NXT

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.

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