Crane NXT (NYSE:CXT) Raised to “Hold” at Zacks Research

Crane NXT (NYSE:CXT) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on CXT. UBS Group set a $58.00 target price on Crane NXT in a report on Friday, February 13th. Weiss Ratings lowered Crane NXT from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. Northland Securities set a $62.00 target price on Crane NXT in a report on Wednesday, February 18th. Robert W. Baird set a $67.00 target price on Crane NXT in a report on Friday, May 8th. Finally, DA Davidson reissued a “buy” rating and set a $85.00 target price on shares of Crane NXT in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.40.

Crane NXT Trading Down 2.8%

Shares of NYSE:CXT opened at $41.45 on Tuesday. The company has a 50-day simple moving average of $43.68 and a 200 day simple moving average of $50.24. The company has a market capitalization of $2.38 billion, a P/E ratio of 18.50 and a beta of 1.21. 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 announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Crane NXT had a return on equity of 19.59% and a net margin of 7.57%.The firm had revenue of $387.70 million for the quarter, compared to the consensus estimate of $378.63 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The business’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. Sell-side analysts forecast that Crane NXT will post 4.26 earnings per share for the current year.

Hedge Funds Weigh In On Crane NXT

A number of large investors have recently made changes to their positions in the company. US Bancorp DE increased its stake 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 purchasing an additional 169 shares during the period. Whittier Trust Co. increased its stake in shares of Crane NXT by 8.5% during the third quarter. Whittier Trust Co. now owns 2,170 shares of the company’s stock worth $144,000 after purchasing an additional 170 shares during the period. CIBC Private Wealth Group LLC increased its stake in shares of 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 purchasing an additional 206 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Crane NXT by 141.6% during the third quarter. Smartleaf Asset Management LLC now owns 389 shares of the company’s stock worth $25,000 after purchasing an additional 228 shares during the period. Finally, California State Teachers Retirement System increased its stake in shares of Crane NXT by 0.6% during the second quarter. California State Teachers Retirement System now owns 44,954 shares of the company’s stock worth $2,423,000 after purchasing an additional 271 shares during the period. Institutional investors 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.