Crane NXT (NYSE:CXT) Raised to “Hold” at Zacks Research

Crane NXT (NYSE:CXT) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also commented on CXT. DA Davidson restated a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research note on Tuesday, February 17th. Robert W. Baird set a $67.00 price objective on Crane NXT in a research note on Friday, May 8th. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Northland Securities set a $62.00 price objective on Crane NXT in a research note on Wednesday, February 18th. Finally, UBS Group set a $58.00 price objective on Crane NXT in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Crane NXT currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.40.

Crane NXT Price Performance

Crane NXT stock opened at $41.45 on Tuesday. The stock’s fifty day moving average price is $43.68 and its two-hundred day moving average price is $50.24. Crane NXT has a one year low of $39.23 and a one year high of $69.00. 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 has a market cap of $2.38 billion, a PE ratio of 18.50 and a beta of 1.21.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The firm had revenue of $387.70 million for the quarter, compared to analyst estimates of $378.63 million. During the same quarter last year, the company earned $0.54 EPS. The company’s revenue was up 17.4% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. As a group, research analysts expect that Crane NXT will post 4.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Crane NXT

Hedge funds have recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its holdings in shares of Crane NXT by 141.6% during the 3rd quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Crane NXT during the 4th quarter valued at $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Crane NXT by 4,458.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after acquiring an additional 535 shares in the last quarter. Quent Capital LLC bought a new position in Crane NXT during the 3rd quarter worth $28,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Crane NXT during the 3rd quarter worth $31,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

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.