Crane NXT, Co. (NYSE:CXT) Stock Has Average Price Target of $66.83

Crane NXT, Co. (NYSE:CXT) has received a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $66.83.

Several brokerages recently commented on CXT. Robert W. Baird set a $68.00 target price on shares of Crane NXT in a report on Friday, August 7th. Northland Securities set a $65.00 price target on Crane NXT in a research report on Monday, August 10th. DA Davidson restated a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research report on Friday, September 18th. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Jefferies Financial Group assumed coverage on Crane NXT in a report on Tuesday. They set a “buy” rating and a $60.00 price objective on the stock.

Crane NXT Price Performance

CXT stock opened at $47.23 on Friday. The stock has a market cap of $2.72 billion, a PE ratio of 19.52 and a beta of 1.08. The stock has a 50-day moving average price of $50.50 and a two-hundred day moving average price of $46.09. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. Crane NXT has a 1 year low of $35.71 and a 1 year high of $69.00.

Crane NXT (NYSE:CXT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.06. The company had revenue of $493.20 million during the quarter, compared to analysts’ expectations of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.Crane NXT’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Equities analysts forecast that Crane NXT will post 4.27 EPS for the current fiscal year.

Crane NXT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 31st. Crane NXT’s dividend payout ratio (DPR) is 29.75%.

Hedge Funds Weigh In On Crane NXT

Several large investors have recently modified their holdings of CXT. Tidal Investments LLC bought a new stake in shares of Crane NXT in the 2nd quarter valued at about $247,000. Integrated Wealth Concepts LLC bought a new stake in shares of Crane NXT in the 2nd quarter valued at $53,000. Nykredit A S bought a new stake in Crane NXT in the second quarter valued at $150,000. Corient Private Wealth LP raised its stake in Crane NXT by 15.0% during the 2nd quarter. Corient Private Wealth LP now owns 22,179 shares of the company’s stock worth $1,135,000 after buying an additional 2,892 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Crane NXT during the second quarter worth approximately $527,000. Institutional investors own 77.49% of the company’s stock.

Crane NXT Company Profile

Crane NXT, Inc is a technology company that develops solutions for payment acceptance, cash management and brand protection. Its products are used by businesses and governments to authenticate currency, process transactions and protect products and documents from counterfeiting.

Through its Crane Payment Innovations business, the company provides banknote and coin validators, cashless payment systems, transaction-processing technology, telemetry and related software. These solutions serve industries such as vending, gaming, retail, transportation and other unattended-payment markets.

Crane NXT also operates Crane Currency, which supplies banknotes, security features and authentication technologies for central banks, commercial institutions and other organizations.