Last Updated: 14 Sep 2024
Executive Summary
Carpenter Technology Corporation (CRS) is a leading manufacturer and distributor of specialty metals with a market capitalization of $6.97 billion. The company has a strong financial position with an EBITDA of $458 million and a trailing PE ratio of 37.74. Analysts have a positive outlook on CRS, with 2 strong buy ratings, 3 buy ratings, and 1 hold rating. The latest stock price is $142.41, which is above the 50-day moving average of $132.3 but below the 200-day moving average of $92.71.
Company Overview
Carpenter Technology Corporation manufactures, manufactures, and distributes specialty metals worldwide. The company's products are used in a variety of industries, including aerospace, automotive, healthcare, and energy. CRS is headquartered in Philadelphia, Pennsylvania and has a global presence with operations in North America, Europe, and Asia.
Fundamental Analysis
CRS has a strong financial position with a healthy balance sheet and strong cash flow. The company's revenue has grown steadily in recent years, and its profit margin has expanded. CRS is also a leader in its industry, with a strong market share and a reputation for quality.
Technical Analysis
The technical analysis of CRS indicates that the stock is in a bullish trend. The stock price is above the 50-day moving average and the 200-day moving average. The relative strength index (RSI) is also above 50, which indicates that the stock is overbought.
Short Term Outlook
In the short term, CRS is expected to continue to perform well. The company's strong financial position and positive industry outlook should support continued growth. The stock price is also expected to continue to rise, as investors become more confident in the company's long-term prospects.
Long Term Outlook
In the long term, CRS is expected to continue to grow its business and increase its market share. The company's focus on innovation and customer service should help it to maintain its competitive advantage. The stock price is also expected to continue to rise over the long term, as investors recognize the company's long-term growth potential.
Analyst Recommendations
Analysts have a positive outlook on CRS. The consensus analyst rating is buy, with a target price of $156.4. Two analysts have a strong buy rating, three analysts have a buy rating, and one analyst has a hold rating.
