Carpenter Technology Corporation (CRS)
NYSE: CRS · IEX Real-Time Price · USD
99.45
+1.00 (1.02%)
Jun 21, 2024, 4:00 PM EDT - Market closed

Carpenter Technology Stock Forecast

Stock Price Forecast

The 3 analysts with 12-month price forecasts for CRS stock have an average target of 118, with a low estimate of 89 and a high estimate of 140. The average target predicts an increase of 18.65% from the current stock price of 99.45.

Analyst Consensus: Buy
Target Low Average Median High
Price $89 $118 $125 $140
Change -10.51% +18.65% +25.69% +40.77%

Analyst Ratings

The average analyst rating for CRS stock from 3 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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 222232
Buy 111100
Hold 000000
Sell 000000
Strong Sell 000001
Total 333333

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Northcoast Research
Northcoast Research
Strong Sell
Downgrades
$89
Strong Sell Downgrades $89 -10.51% Jun 14, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$116$125
Strong Buy Maintains $116$125 +25.69% Jun 10, 2024
Benchmark
Benchmark
Strong Buy
Reiterates
$140
Strong Buy Reiterates $140 +40.77% May 28, 2024
Benchmark
Benchmark
Strong Buy
Maintains
$100$140
Strong Buy Maintains $100$140 +40.77% May 8, 2024
TD Cowen
TD Cowen
Strong Buy
Maintains
$90$116
Strong Buy Maintains $90$116 +16.64% May 2, 2024
More Analyst Ratings

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%
Year 20192020202120222023202420252026
Revenue
2.38B2.18B1.48B1.84B2.55B2.76B3.09B3.41B
Revenue Growth
10.31%-8.36%-32.35%24.44%38.88%8.10%11.90%10.60%
EPS
3.430.02-4.76-1.011.144.476.006.85
EPS Growth
-12.50%-99.42%---292.26%34.11%14.27%
Forward PE
-----22.2416.5814.51
No. Analysts -----553
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 202420252026
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 202420252026
High
13.6%
21.0%
15.1%
Avg
8.1%
11.9%
10.6%
Low
3.8%
2.6%
7.2%

EPS Forecast

EPS 202420252026
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 202420252026
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.