Gains May Be On The Menu For Crane NXT Co (NYSE: CXT)

Currently, there are 56.33M common shares owned by the public and among those 48.45M shares have been available to trade.

Insiders at the company have transacted a total of 28 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 74,167 shares. Insider sales of the common stock occurred on 10 occasions, with total insider shares sold totaling 105,944 shares.

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However, the script later moved the day high at 59.75, up 0.05%. The company’s stock has a 5-day price change of -2.33% and 12.32% over the past three months. CXT shares are trading 3.38% year to date (YTD), with the 12-month market performance up to 40.25% higher. It has a 12-month low price of $36.31 and touched a high of $63.36 over the same period. CXT has an average intraday trading volume of 366.79K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -0.08%, 4.14%, and 6.25% respectively.

Institutional ownership of Crane NXT Co (NYSE: CXT) shares accounts for 77.96% of the company’s 56.33M shares outstanding.

It has a market capitalization of $3.34B and a beta (3y monthly) value of 1.38. The stock’s trailing 12-month PE ratio is 13.48, while the earnings-per-share (ttm) stands at $4.36. The company has a PEG of 1.82 and a Quick Ratio of 1.47 with the debt-to-equity ratio at 0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.27% over the week and 2.34% over the month.

Analysts forecast that Crane NXT Co (CXT) will achieve an EPS of $0.91 for the current quarter, $1.08 for the next quarter and $4.6 for 2025. The lowest estimate earnings-per-share for the quarter is $0.79 while analysts give the company a high EPS estimate of $0.99. Comparatively, EPS for the current quarter was $0.97 a year ago. Earnings per share for the fiscal year are expected to decrease by -4.22%, and 11.68% over the next financial year. EPS should grow at an annualized rate of 7.40% over the next five years, compared to -9.83% over the past 5-year period.

Looking at the support for the CXT, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on August 29, 2023, with the firm’s price target at $65.

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