Carpenter Technology Corp (CRS) concluded trading on Wednesday at a closing price of $194.46, with 0.47 million shares of worth about $91.3 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 75.30% during that period and on November 27, 2024 the price saw a loss of about -0.86%. Currently the company’s common shares owned by public are about 49.78M shares, out of which, 47.29M shares are available for trading.
Stock saw a price change of 7.61% in past 5 days and over the past one month there was a price change of 19.48%. Year-to-date (YTD), CRS shares are showing a performance of 174.66% which increased to 175.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.87 but also hit the highest price of $198.24 during that period. The average intraday trading volume for Carpenter Technology Corp shares is 581.31K. The stock is currently trading 10.11% above its 20-day simple moving average (SMA20), while that difference is up 17.19% for SMA50 and it goes to 63.38% higher than SMA200.
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Carpenter Technology Corp (NYSE: CRS) currently have 49.78M outstanding shares and institutions hold larger chunk of about 92.23% of that.
The stock has a current market capitalization of $9.69B and its 3Y-monthly beta is at 1.52. PE ratio of stock for trailing 12 months is 43.31, while it has posted earnings per share of $4.49 in the same period. Its PEG reads 1.46 and has Quick Ratio of 2.00 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CRS, volatility over the week remained 3.11% while standing at 3.69% over the month.
Stock’s fiscal year EPS is expected to rise by 44.67% while it is estimated to increase by 16.32% in next year. EPS is likely to grow at an annualized rate of 29.72% for next 5-years, compared to annual growth of 1.52% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on November 22, 2024 offering an Overweight rating for the stock and assigned a target price of $220 to it. Coverage by BTIG Research stated Carpenter Technology Corp (CRS) stock as a Buy in their note to investors on July 30, 2024, suggesting a price target of $165 for the stock. On June 26, 2024, BTIG Research Initiated their recommendations, while on June 25, 2024, Deutsche Bank Initiated their ratings for the stock with a price target of $144. Stock get a Neutral rating from Northcoast on May 06, 2024.
