Crane NXT (NYSE:CXT) Raised to “Outperform” at Northland Securities

Crane NXT (NYSE:CXT) was upgraded by investment analysts at Northland Securities from a “market perform” rating to an “outperform” rating in a research note issued on Friday, MarketBeat.com reports. The brokerage currently has a $52.00 target price on the stock. Northland Securities’ price target suggests a potential upside of 30.55% from the stock’s previous close.

CXT has been the topic of a number of other reports. Zacks Research upgraded Crane NXT from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 4th. DA Davidson reissued a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research note on Tuesday, February 17th. UBS Group set a $58.00 price objective on Crane NXT in a report on Friday, February 13th. Finally, Oppenheimer reduced their price objective on shares of Crane NXT from $80.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.40.

Crane NXT Stock Performance

Shares of CXT opened at $39.83 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.33 and a quick ratio of 0.99. The firm’s 50 day moving average is $43.51 and its 200-day moving average is $50.06. Crane NXT has a 12-month low of $39.23 and a 12-month high of $69.00. The stock has a market capitalization of $2.29 billion, a P/E ratio of 17.78 and a beta of 1.21.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. Equities research analysts anticipate that Crane NXT will post 4.27 EPS for the current fiscal year.

Institutional Trading of Crane NXT

A number of hedge funds have recently made changes to their positions in CXT. Entropy Technologies LP purchased a new position in Crane NXT during the first quarter valued at approximately $763,000. Renaissance Technologies LLC lifted its position in Crane NXT by 22.2% in the 1st quarter. Renaissance Technologies LLC now owns 52,200 shares of the company’s stock worth $2,119,000 after buying an additional 9,500 shares in the last quarter. Gabelli Funds LLC boosted its stake in shares of Crane NXT by 7.7% during the 1st quarter. Gabelli Funds LLC now owns 275,028 shares of the company’s stock valued at $11,163,000 after buying an additional 19,658 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Crane NXT by 1.8% in the first quarter. Gamco Investors INC. ET AL now owns 196,133 shares of the company’s stock worth $7,961,000 after acquiring an additional 3,493 shares during the last quarter. Finally, Caxton Associates LLP raised its holdings in shares of Crane NXT by 86.4% during the first quarter. Caxton Associates LLP now owns 9,657 shares of the company’s stock worth $392,000 after acquiring an additional 4,476 shares in the last quarter. 77.49% of the stock is owned by hedge funds and other institutional investors.

About Crane NXT

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.