Carpenter Technology Corporation (CRS)
NYSE: CRS · IEX Real-Time Price · USD
140.78
+6.02 (4.47%)
At close: Jul 26, 2024, 4:00 PM
142.50
+1.72 (1.22%)
After-hours: Jul 26, 2024, 7:46 PM EDT
Carpenter Technology Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for CRS stock have an average target of 133.25, with a low estimate of 89 and a high estimate of 175. The average target predicts a decrease of -5.35% from the current stock price of 140.78.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CRS stock from 4 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Total | 3 | 3 | 3 | 3 | 4 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Benchmark | Benchmark | Strong Buy Maintains $140 → $175 | Strong Buy | Maintains | $140 → $175 | +24.31% | Jul 26, 2024 |
| Deutsche Bank | Deutsche Bank | Strong Buy Initiates $144 | Strong Buy | Initiates | $144 | +2.29% | Jun 25, 2024 |
| Northcoast Research | Northcoast Research | Hold → Strong Sell Downgrades $89 | Hold → Strong Sell | Downgrades | $89 | -36.78% | Jun 14, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $116 → $125 | Strong Buy | Maintains | $116 → $125 | -11.21% | Jun 10, 2024 |
| Benchmark | Benchmark | Strong Buy Reiterates $140 | Strong Buy | Reiterates | $140 | -0.55% | May 28, 2024 |
Financial Forecast
Revenue This Year
2.76B
from 2.55B
Increased by 8.10%
Revenue Next Year
3.09B
from 2.76B
Increased by 11.90%
EPS This Year
4.47
from 1.14
Increased by 292.26%
EPS Next Year
6.00
from 4.47
Increased by 34.11%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.9B | 3.3B | 3.6B |
| Avg | 2.8B | 3.1B | 3.4B |
| Low | 2.6B | 2.8B | 3.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 13.6% | 21.0% | 15.1% |
| Avg | 8.1% | 11.9% | 10.6% |
| Low | 3.8% | 2.6% | 7.2% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.66 | 6.51 | 7.27 |
| Avg | 4.47 | 6.00 | 6.85 |
| Low | 4.33 | 5.45 | 6.52 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 308.9% | 45.6% | 21.2% |
| Avg | 292.3% | 34.1% | 14.3% |
| Low | 280.0% | 21.8% | 8.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.