Crane NXT (NYSE:CXT) Upgraded to Strong-Buy at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Crane NXT (NYSE:CXT) to a strong-buy rating in a research report released on Tuesday morning,Zacks reports.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Robert W. Baird set a $68.00 price target on Crane NXT in a research report on Friday, August 7th. DA Davidson reaffirmed a “buy” rating and set a $85.00 price target on shares of Crane NXT in a research report on Friday, September 18th. Finally, Northland Securities set a $65.00 price objective on Crane NXT in a research report on Monday, August 10th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $66.83.

Crane NXT Stock Performance

Shares of CXT stock opened at $48.50 on Tuesday. The firm has a 50-day moving average of $50.65 and a 200-day moving average of $46.07. The company has a market cap of $2.79 billion, a P/E ratio of 20.04 and a beta of 1.08. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. Crane NXT has a one year low of $35.71 and a one year high of $69.00.

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

Crane NXT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, August 31st. Crane NXT’s dividend payout ratio is 29.75%.

Institutional Trading of Crane NXT

Several large investors have recently bought and sold shares of CXT. Caitong International Asset Management Co. Ltd raised its stake in shares of Crane NXT by 4,458.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock worth $26,000 after buying an additional 535 shares during the period. Transamerica Financial Advisors LLC purchased a new stake in Crane NXT in the 2nd quarter worth approximately $26,000. Public Employees Retirement System of Ohio purchased a new stake in Crane NXT in the 2nd quarter worth approximately $37,000. Basepoint Wealth LLC bought a new stake in Crane NXT during the 4th quarter worth approximately $49,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Crane NXT in the second quarter worth approximately $53,000. 77.49% of the stock is owned by institutional investors.

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.