Carpenter Technology Corporation (NYSE:CRS) Receives $556.75 Consensus Target Price from Analysts

Posted by on Aug 6th, 2026

Carpenter Technology Corporation (NYSE:CRS – Get Free Report) has been assigned an average recommendation of “Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $577.25.

A number of equities analysts have recently weighed in on CRS shares. TD Cowen boosted their target price on Carpenter Technology from $470.00 to $650.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. cut their price target on shares of Carpenter Technology from $705.00 to $700.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company lifted their price objective on shares of Carpenter Technology from $425.00 to $540.00 and gave the stock an “equal weight” rating in a report on Tuesday. Zacks Research raised Carpenter Technology from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 15th. Finally, KeyCorp decreased their price target on shares of Carpenter Technology from $644.00 to $608.00 and set an “overweight” rating on the stock in a research note on Monday.

Check Out Our Latest Report on Carpenter Technology

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Geneos Wealth Management Inc. purchased a new position in shares of Carpenter Technology during the second quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. purchased a new position in Carpenter Technology during the 1st quarter valued at $30,000. SJS Investment Consulting Inc. raised its holdings in Carpenter Technology by 81.8% in the 1st quarter. SJS Investment Consulting Inc. now owns 80 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 36 shares in the last quarter. Spire Wealth Management lifted its position in shares of Carpenter Technology by 164.7% in the 4th quarter. Spire Wealth Management now owns 135 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 84 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Carpenter Technology during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.

Carpenter Technology Trading Up 0.2%

CRS opened at $571.46 on Thursday. The company has a market cap of $28.40 billion, a P/E ratio of 54.32, a price-to-earnings-growth ratio of 2.07 and a beta of 1.25. The company has a fifty day moving average price of $559.69 and a two-hundred day moving average price of $452.65. The company has a current ratio of 3.81, a quick ratio of 2.23 and a debt-to-equity ratio of 0.31. Carpenter Technology has a 1-year low of $228.00 and a 1-year high of $625.98.

Carpenter Technology (NYSE:CRS – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.09 by $0.14. The firm had revenue of $679.70 million during the quarter, compared to analysts’ expectations of $863.33 million. Carpenter Technology had a return on equity of 26.46% and a net margin of 16.96%.The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.21 earnings per share. Analysts predict that Carpenter Technology will post 12.92 EPS for the current fiscal year.

About Carpenter Technology

(Get Free Report)

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets.

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Analyst Recommendations for Carpenter Technology (NYSE:CRS)

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