Expert Outlook: Carpenter Tech Through The Eyes Of 4 Analysts

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During the last three months, 4 analysts shared their evaluations of Carpenter Tech CRS, revealing diverse outlooks from bullish to bearish.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 4 0 0 0 0
Last 30D 1 0 0 0 0
1M Ago 1 0 0 0 0
2M Ago 2 0 0 0 0
3M Ago 0 0 0 0 0

Analysts have set 12-month price targets for Carpenter Tech, revealing an average target of $130.25, a high estimate of $140.00, and a low estimate of $116.00. Witnessing a positive shift, the current average has risen by 16.82% from the previous average price target of $111.50.

Exploring Analyst Ratings: An In-Depth Overview

An in-depth analysis of recent analyst actions unveils how financial experts perceive Carpenter Tech. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Gautam Khanna TD Cowen Raises Buy $125.00 $116.00
Josh Sullivan Benchmark Maintains Buy $140.00 $140.00
Josh Sullivan Benchmark Raises Buy $140.00 $100.00
Gautam Khanna TD Cowen Raises Buy $116.00 $90.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Carpenter Tech. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Carpenter Tech compared to the broader market.
  • Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Carpenter Tech's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Capture valuable insights into Carpenter Tech's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Carpenter Tech analyst ratings.

All You Need to Know About Carpenter Tech

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.

Carpenter Tech: Delving into Financials

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Revenue Growth: Carpenter Tech's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -0.75%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Materials sector.

Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 0.91%, the company may need to address challenges in effective cost control.

Return on Equity (ROE): Carpenter Tech's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.42%, the company may face hurdles in achieving optimal financial returns.

Return on Assets (ROA): Carpenter Tech's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.2%, the company may face hurdles in achieving optimal financial returns.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.47.

Analyst Ratings: Simplified

Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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