Crane NXT (NYSE:CXT) Earns “Buy” Rating from DA Davidson

Crane NXT (NYSE:CXT)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a research note issued on Friday, Benzinga reports. They currently have a $85.00 target price on the stock. DA Davidson’s price target would suggest a potential upside of 85.04% from the stock’s previous close.

Other analysts have also recently issued research reports about the company. Northland Securities set a $65.00 price objective on Crane NXT in a research note on Monday, August 10th. Robert W. Baird set a $68.00 target price on Crane NXT in a research report on Friday, August 7th. Finally, Weiss Ratings upgraded Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.20.

Crane NXT Stock Up 1.4%

Shares of CXT traded up $0.65 during midday trading on Friday, hitting $45.94. The company had a trading volume of 95,934 shares, compared to its average volume of 763,006. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 18.81 and a beta of 1.08. The company’s 50 day moving average price is $50.89 and its 200 day moving average price is $46.11. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. Crane NXT has a 52 week low of $35.71 and a 52 week high of $69.00.

Crane NXT (NYSE:CXT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. The business had revenue of $493.20 million for the quarter, compared to analysts’ expectations of $475.62 million. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, equities research analysts predict that Crane NXT will post 4.27 EPS for the current year.

Hedge Funds Weigh In On Crane NXT

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

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.