Crane NXT (NYSE:CXT) Rating Increased to Outperform at Northland Securities

Crane NXT (NYSE:CXT) was upgraded by Northland Securities from a “market perform” rating to an “outperform” rating in a report released on Friday, Marketbeat Ratings reports. The brokerage currently has a $52.00 price target on the stock. Northland Securities’ price objective would indicate a potential upside of 30.55% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Zacks Research raised shares of Crane NXT from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Oppenheimer cut their target price on Crane NXT from $80.00 to $65.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. DA Davidson reiterated a “buy” rating and set a $85.00 price target on shares of Crane NXT in a research note on Tuesday, February 17th. Weiss Ratings downgraded Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 4th. Finally, UBS Group set a $58.00 target price on Crane NXT in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.40.

Crane NXT Trading Down 3.8%

NYSE:CXT opened at $39.83 on Friday. The company has a market capitalization of $2.29 billion, a P/E ratio of 17.78 and a beta of 1.21. The stock’s 50 day moving average price is $43.51 and its 200 day moving average price is $50.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.33. Crane NXT has a 52 week low of $39.23 and a 52 week high of $69.00.

Crane NXT (NYSE:CXT) last posted its earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a net margin of 7.57% and a return on equity of 19.59%. The firm had revenue of $387.70 million during the quarter, compared to analysts’ expectations of $378.63 million. During the same period in the previous year, the company earned $0.54 earnings per share. The company’s revenue was up 17.4% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.100-4.400 EPS. On average, research analysts forecast that Crane NXT will post 4.27 EPS for the current fiscal year.

Institutional Trading of Crane NXT

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CXT. US Bancorp DE lifted its holdings in shares of Crane NXT by 2.0% during the third quarter. US Bancorp DE now owns 8,445 shares of the company’s stock worth $566,000 after buying an additional 169 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Crane NXT by 8.5% in the third quarter. Whittier Trust Co. now owns 2,170 shares of the company’s stock worth $144,000 after acquiring an additional 170 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Crane NXT by 6.3% during the third quarter. CIBC Private Wealth Group LLC now owns 3,472 shares of the company’s stock worth $233,000 after acquiring an additional 206 shares during the period. Smartleaf Asset Management LLC raised its stake in 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 purchasing an additional 228 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in Crane NXT by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock valued at $2,423,000 after purchasing an additional 271 shares during the last quarter. 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.