Crane NXT’s (CXT) “Buy” Rating Reiterated at DA Davidson

Crane NXT (NYSE:CXT)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a research note issued to investors on Friday, September 18th, Benzinga reports. They currently have a $85.00 price objective on the stock. DA Davidson’s price target points to a potential upside of 78.09% from the company’s current price.

A number of other analysts have also recently weighed in on CXT. Northland Securities set a $65.00 price objective on Crane NXT in a research report on Monday, August 10th. Weiss Ratings raised Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird set a $68.00 price objective on Crane NXT in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.83.

Crane NXT Stock Performance

Shares of NYSE CXT traded up $0.57 during trading hours on Friday, reaching $47.73. The stock had a trading volume of 383,189 shares, compared to its average volume of 764,130. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 19.72 and a beta of 1.08. The company has a current ratio of 1.42, a quick ratio of 1.07 and a debt-to-equity ratio of 1.00. Crane NXT has a fifty-two week low of $35.71 and a fifty-two week high of $69.00. The firm has a 50-day moving average of $50.50 and a 200-day moving average of $46.09.

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

Hedge Funds Weigh In On Crane NXT

Several hedge funds have recently bought and sold shares of the company. Tidal Investments LLC purchased a new position in Crane NXT in the 2nd quarter valued at approximately $247,000. Integrated Wealth Concepts LLC purchased a new position in Crane NXT in the 2nd quarter valued at approximately $53,000. Nykredit A S purchased a new position in Crane NXT in the 2nd quarter valued at approximately $150,000. Corient Private Wealth LP increased its stake in Crane NXT by 15.0% in the 2nd quarter. Corient Private Wealth LP now owns 22,179 shares of the company’s stock valued at $1,135,000 after purchasing an additional 2,892 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Crane NXT in the 2nd quarter valued at approximately $527,000. 77.49% of the stock is owned by hedge funds and other 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.