Crane NXT, Co. (NYSE:CXT) Stock Has Average Target Price of $66.83

Crane NXT, Co. (NYSE:CXT) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $66.83.

Several research analysts have recently weighed in on the stock. Northland Securities set a $65.00 price target on shares of Crane NXT in a report on Monday, August 10th. Robert W. Baird set a $68.00 price objective on Crane NXT in a report on Friday, August 7th. Weiss Ratings upgraded Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Jefferies Financial Group began coverage on shares of Crane NXT in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $60.00 price objective on the stock. Finally, DA Davidson restated a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a research note on Friday, September 18th.

Crane NXT Trading Up 3.7%

NYSE CXT opened at $56.72 on Tuesday. The stock has a 50-day simple moving average of $49.69 and a 200 day simple moving average of $47.04. Crane NXT has a 12 month low of $35.71 and a 12 month high of $68.54. The company has a market capitalization of $3.26 billion, a PE ratio of 23.44 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 (NYSE:CXT) last issued its quarterly earnings data 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 net margin of 7.78% and a return on equity of 19.87%. The business’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Research analysts forecast that Crane NXT will post 4.31 EPS for the current year.

Crane NXT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Investors of record on Monday, August 31st were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 31st. Crane NXT’s payout ratio is 29.75%.

Hedge Funds Weigh In On Crane NXT

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of Crane NXT by 4,458.3% in 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 in the last quarter. Transamerica Financial Advisors LLC acquired a new stake in Crane NXT in the second quarter valued at $26,000. Public Employees Retirement System of Ohio bought a new position in shares of Crane NXT during the second quarter worth about $37,000. Integrated Wealth Concepts LLC bought a new position in Crane NXT during the 2nd quarter worth approximately $53,000. Finally, State of Wyoming acquired a new position in Crane NXT in the second quarter valued at $124,000. Institutional investors own 77.49% of the company’s stock.

Crane NXT Company Profile

Crane NXT, Co (NYSE:CXT) is a technology company that provides solutions for payment processing, currency authentication and brand protection. Its products are used to help businesses securely accept, validate and manage cash and electronic payments, while also protecting currency, products and other valuable assets from counterfeiting and fraud.

Through its Crane Payment Innovations business, the company develops payment and merchandising technologies for markets such as automated retail, gaming, transportation, financial services and other commercial applications.