Crane NXT, Co. (NYSE:CXT) Given Consensus Rating of “Moderate Buy” by Brokerages

Crane NXT, Co. (NYSE:CXTGet Free Report) has been given a consensus rating of “Moderate Buy” by the seven research firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $65.40.

Several research firms recently issued reports on CXT. Northland Securities upgraded Crane NXT from a “market perform” rating to an “outperform” rating and set a $52.00 price objective on the stock in a report on Friday, May 15th. DA Davidson reiterated a “buy” rating and issued a $85.00 price objective on shares of Crane NXT in a report on Tuesday, February 17th. UBS Group set a $58.00 price objective on Crane NXT in a report on Friday, February 13th. Weiss Ratings downgraded Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Finally, Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th.

View Our Latest Analysis on Crane NXT

Crane NXT Trading Up 2.6%

Shares of NYSE:CXT opened at $41.11 on Friday. Crane NXT has a 52-week low of $37.00 and a 52-week high of $69.00. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 18.35 and a beta of 1.21. The company has a quick ratio of 0.99, a current ratio of 1.33 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $42.66 and a 200-day moving average price of $49.09.

Crane NXT (NYSE:CXTGet Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The business’s revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Equities analysts predict that Crane NXT will post 4.22 EPS for the current year.

Crane NXT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Sunday, May 31st will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.8%. Crane NXT’s dividend payout ratio is 32.14%.

Institutional Trading of Crane NXT

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its holdings in shares of Crane NXT by 120.3% in the 1st quarter. Jones Financial Companies Lllp now owns 716 shares of the company’s stock valued at $37,000 after buying an additional 391 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Crane NXT by 23.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 177,810 shares of the company’s stock valued at $9,139,000 after buying an additional 33,336 shares during the period. Jane Street Group LLC lifted its holdings in shares of Crane NXT by 89.0% in the 1st quarter. Jane Street Group LLC now owns 52,113 shares of the company’s stock valued at $2,679,000 after buying an additional 24,540 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Crane NXT by 24.0% in the 2nd quarter. Prudential Financial Inc. now owns 5,514 shares of the company’s stock valued at $297,000 after buying an additional 1,069 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Crane NXT in the 2nd quarter valued at approximately $511,000. 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.

Further Reading

Analyst Recommendations for Crane NXT (NYSE:CXT)

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