Crane NXT (NYSE:CXT) Stock Rating Lowered by Northland Securities

Crane NXT (NYSE:CXT) was downgraded by equities researchers at Northland Securities from an “outperform” rating to a “market perform” rating in a note issued to investors on Tuesday, MarketBeat.com reports. They currently have a $72.00 target price on the stock. Northland Securities’ price objective points to a potential upside of 21.73% from the stock’s current price.

Separately, Robert W. Baird boosted their target price on Crane NXT from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $83.33.

Crane NXT Stock Down 0.3 %

Shares of CXT opened at $59.15 on Tuesday. The company has a market capitalization of $3.38 billion, a P/E ratio of 18.54 and a beta of 1.36. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.14 and a quick ratio of 0.88. Crane NXT has a one year low of $52.89 and a one year high of $67.00. The business’s 50 day simple moving average is $61.01 and its 200-day simple moving average is $58.57.

Crane NXT (NYSE:CXT) last announced its earnings results on Wednesday, February 12th. The company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.19 by $0.01. Crane NXT had a return on equity of 24.08% and a net margin of 12.38%. As a group, sell-side analysts predict that Crane NXT will post 4.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp lifted its holdings in Crane NXT by 98.6% during the 4th quarter. Fifth Third Bancorp now owns 556 shares of the company’s stock worth $32,000 after buying an additional 276 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Crane NXT during the 3rd quarter worth $32,000. Quarry LP acquired a new position in Crane NXT during the 4th quarter worth $42,000. Covestor Ltd lifted its holdings in Crane NXT by 38.6% during the 4th quarter. Covestor Ltd now owns 739 shares of the company’s stock worth $43,000 after buying an additional 206 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Crane NXT during the 3rd quarter worth $45,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Company Profile

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.