Robert W. Baird Increases Crane NXT (NYSE:CXT) Price Target to $78.00

Crane NXT (NYSE:CXT) had its price objective upped by investment analysts at Robert W. Baird from $77.00 to $78.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price points to a potential upside of 37.61% from the company’s previous close.

Other research analysts have also issued research reports about the company. DA Davidson reaffirmed a “buy” rating and set a $100.00 price objective on shares of Crane NXT in a research report on Monday, September 30th. Northland Securities lowered their price target on Crane NXT from $96.00 to $85.00 and set an “outperform” rating for the company in a research report on Monday, October 7th. Finally, Baird R W raised shares of Crane NXT to a “strong-buy” rating in a research report on Thursday, October 17th.

Crane NXT Stock Performance

Shares of CXT stock opened at $56.68 on Friday. The company’s fifty day moving average price is $56.13 and its 200-day moving average price is $58.69. The stock has a market cap of $3.24 billion, a PE ratio of 18.58 and a beta of 1.33. The company has a current ratio of 1.20, a quick ratio of 0.87 and a debt-to-equity ratio of 0.65. Crane NXT has a 12 month low of $49.66 and a 12 month high of $64.80.

Crane NXT (NYSE:CXT) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.14 by $0.02. Crane NXT had a net margin of 12.18% and a return on equity of 24.05%. The business had revenue of $403.50 million for the quarter, compared to analyst estimates of $392.44 million. During the same quarter in the previous year, the firm posted $1.09 earnings per share. Crane NXT’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities analysts expect that Crane NXT will post 4.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Crane NXT

Institutional investors have recently modified their holdings of the business. LRI Investments LLC purchased a new stake in shares of Crane NXT during the 1st quarter valued at about $38,000. nVerses Capital LLC purchased a new stake in Crane NXT in the third quarter worth approximately $45,000. Hobbs Group Advisors LLC bought a new stake in Crane NXT in the 2nd quarter worth approximately $52,000. Blue Trust Inc. raised its stake in Crane NXT by 27.8% during the 2nd quarter. Blue Trust Inc. now owns 942 shares of the company’s stock valued at $58,000 after buying an additional 205 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Crane NXT by 16.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,887 shares of the company’s stock valued at $116,000 after buying an additional 265 shares during the period. 77.49% of the stock is owned by hedge funds and other institutional investors.

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.