Crane NXT, Co. (NYSE:CXT) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Crane NXT, Co. (NYSE:CXT) have been given an average recommendation of “Moderate Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $75.80.

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Crane NXT from $88.00 to $82.00 and set an “outperform” rating on the stock in a research note on Monday, December 15th. DA Davidson reiterated a “buy” rating and issued a $85.00 target price on shares of Crane NXT in a report on Tuesday, September 23rd. Weiss Ratings restated a “hold (c+)” rating on shares of Crane NXT in a research note on Wednesday, October 8th. CJS Securities raised Crane NXT to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Oppenheimer boosted their price objective on Crane NXT from $70.00 to $80.00 and gave the company an “outperform” rating in a report on Wednesday, October 15th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC lifted its holdings in Crane NXT by 6.3% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock worth $233,000 after buying an additional 206 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of Crane NXT during the third quarter worth $515,000. Danske Bank A S purchased a new stake in shares of Crane NXT during the third quarter worth $1,106,000. Voleon Capital Management LP acquired a new stake in shares of Crane NXT in the third quarter valued at $542,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Crane NXT in the third quarter valued at $31,000. Institutional investors and hedge funds own 77.49% of the company’s stock.

Crane NXT Price Performance

NYSE:CXT opened at $48.43 on Wednesday. The company has a market capitalization of $2.78 billion, a P/E ratio of 18.07 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 1.26 and a debt-to-equity ratio of 0.69. Crane NXT has a 52 week low of $41.54 and a 52 week high of $69.00. The stock’s fifty day moving average is $57.50 and its two-hundred day moving average is $59.06.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, June 1st. The company reported $1.81 earnings per share (EPS) for the quarter. Crane NXT had a net margin of 9.80% and a return on equity of 20.24%. The firm had revenue of $871.50 million for the quarter. Equities analysts expect that Crane NXT will post 4.16 EPS for the current year.

Crane NXT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 10th. Shareholders of record on Friday, November 28th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, November 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Crane NXT’s dividend payout ratio is 25.37%.

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products.