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

Key Points

• Crane NXT has a “Moderate Buy” consensus rating from seven analysts, with four buys, one strong buy and two holds. The average 12-month price target is $65.40.
• The company beat quarterly expectations, reporting adjusted EPS of $1.10 versus the $1.04 consensus and revenue of $493.2 million versus $475.62 million expected. Revenue increased 22.1% year over year.
• Shares opened at $52.18, while the stock has a 52-week range of $35.71 to $69.00; institutional investors own approximately 77.49% of outstanding shares.

Crane NXT, Co. (NYSE:CXT - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven ratings firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $65.40.

A number of research analysts recently weighed in on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Crane NXT in a report on Friday, July 31st. Northland Securities raised shares of Crane NXT from a "market perform" rating to an "outperform" rating and set a $52.00 price target for the company in a research note on Friday, May 15th. Oppenheimer dropped their target price on Crane NXT from $80.00 to $65.00 and set an "outperform" rating on the stock in a report on Wednesday, April 15th. Zacks Research raised Crane NXT from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 12th. Finally, Robert W. Baird set a $67.00 target price on Crane NXT in a research note on Friday, May 8th.

Crane NXT Price Performance

Shares of NYSE CXT opened at $52.18 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company's 50-day moving average price is $47.32 and its 200 day moving average price is $46.50. Crane NXT has a 52 week low of $35.71 and a 52 week high of $69.00. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 23.30 and a beta of 1.09.

Crane NXT (NYSE:CXT - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.04 by $0.06. The company had revenue of $493.20 million for the quarter, compared to analyst estimates of $475.62 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm's quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. As a group, research analysts forecast that Crane NXT will post 4.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crane NXT

Several hedge funds have recently modified their holdings of the stock. Camelot Portfolios LLC acquired a new position in shares of Crane NXT in the fourth quarter worth about $25,000. Caitong International Asset Management Co. Ltd grew its position in Crane NXT by 4,458.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company's stock worth $26,000 after purchasing an additional 535 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Crane NXT in the third quarter valued at $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Crane NXT by 4,080.0% in the second quarter. EverSource Wealth Advisors LLC now owns 627 shares of the company's stock worth $34,000 after buying an additional 612 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Crane NXT by 120.3% during the first quarter. Jones Financial Companies Lllp now owns 716 shares of the company's stock valued at $37,000 after buying an additional 391 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.

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