Crane NXT, Co. (NYSE:CXT) Receives Average Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Crane NXT, Co. (NYSE:CXT – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $75.80.

A number of equities analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Crane NXT in a report on Wednesday, October 8th. Robert W. Baird cut their target price on shares of Crane NXT from $88.00 to $82.00 and set an “outperform” rating for the company in a research note on Monday, December 15th. Oppenheimer upped their target price on shares of Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th. DA Davidson reiterated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a report on Tuesday, September 23rd. Finally, CJS Securities raised shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, December 11th.

Read Our Latest Research Report on Crane NXT

Crane NXT Stock Down 0.3%

Shares of NYSE CXT opened at $47.79 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.26 and a quick ratio of 0.94. The firm’s 50-day moving average is $56.71 and its two-hundred day moving average is $58.96. Crane NXT has a 12-month low of $41.54 and a 12-month high of $69.00. The company has a market capitalization of $2.74 billion, a PE ratio of 17.83 and a beta of 1.18.

Crane NXT (NYSE:CXT – Get Free Report) last issued its quarterly earnings data on Wednesday, June 1st. The company reported $1.81 earnings per share (EPS) for the quarter. The firm had revenue of $871.50 million during the quarter. Crane NXT had a return on equity of 20.24% and a net margin of 9.80%. Equities analysts anticipate that Crane NXT will post 4.16 EPS for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 28th. Crane NXT’s dividend payout ratio is currently 25.37%.

Institutional Investors Weigh In On Crane NXT

A number of hedge funds and other institutional investors have recently made changes to their positions in CXT. Smartleaf Asset Management LLC lifted its position in Crane NXT by 141.6% during the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after buying an additional 228 shares during the period. Quent Capital LLC purchased a new position in shares of Crane NXT during the 3rd quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Crane NXT in the third quarter worth approximately $31,000. AlphaQuest LLC acquired a new stake in shares of Crane NXT in the second quarter worth approximately $25,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in Crane NXT in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

About Crane NXT

(Get Free Report)

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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