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

Shares of Crane NXT, Co. (NYSE:CXT) have received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $65.40.

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

Crane NXT Stock Performance

Shares of CXT stock opened at $52.18 on Thursday. The firm has a market cap of $3.00 billion, a P/E ratio of 23.30 and a beta of 1.09. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. Crane NXT has a fifty-two week low of $35.71 and a fifty-two week high of $69.00. The stock’s 50-day moving average is $47.32 and its two-hundred day moving average is $46.50.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The company had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. During the same period in the previous year, the firm posted $0.97 earnings per share. The company’s revenue for the quarter was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Analysts predict that Crane NXT will post 4.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CXT. Dimensional Fund Advisors LP lifted its position in Crane NXT by 12.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,930,800 shares of the company’s stock worth $78,366,000 after purchasing an additional 214,857 shares during the period. Alliancebernstein L.P. raised its position in shares of Crane NXT by 2,449.9% in the 2nd quarter. Alliancebernstein L.P. now owns 1,770,807 shares of the company’s stock valued at $95,446,000 after buying an additional 1,701,361 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Crane NXT by 1.6% during the 4th quarter. Victory Capital Management Inc. now owns 1,661,619 shares of the company’s stock worth $78,212,000 after acquiring an additional 25,849 shares during the period. Channing Capital Management LLC boosted its position in shares of Crane NXT by 632.9% during the 4th quarter. Channing Capital Management LLC now owns 1,571,769 shares of the company’s stock worth $73,983,000 after acquiring an additional 1,357,312 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Crane NXT by 1.6% during the 4th quarter. State Street Corp now owns 1,565,292 shares of the company’s stock worth $73,678,000 after acquiring an additional 24,831 shares in the last quarter. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Company Profile

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.