Wall Street Zen Upgrades Crane NXT (NYSE:CXT) to “Buy”

Crane NXT (NYSE:CXT) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday, Wall Street Zen reports.

A number of other research analysts have also recently commented on CXT. Northland Securities set a $65.00 target price on Crane NXT in a research note on Monday, August 10th. Robert W. Baird set a $68.00 price target on Crane NXT in a research note on Friday, August 7th. Jefferies Financial Group assumed coverage on Crane NXT in a report on Tuesday, September 22nd. They issued a “buy” rating and a $60.00 price objective for the company. DA Davidson reissued a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research report on Friday, September 18th. Finally, Weiss Ratings upgraded shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $66.83.

Crane NXT Price Performance

CXT stock opened at $48.84 on Friday. Crane NXT has a 1 year low of $35.71 and a 1 year high of $69.00. The company has a market cap of $2.81 billion, a P/E ratio of 20.18 and a beta of 1.08. The firm has a 50-day moving average of $50.02 and a 200 day moving average of $46.26. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07.

Crane NXT (NYSE:CXT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $1.04 by $0.06. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The business had revenue of $493.20 million during the quarter, compared to analyst estimates of $475.62 million. During the same period last year, the business posted $0.97 earnings per share. Crane NXT’s quarterly revenue was up 22.1% compared to the same quarter last year. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. On average, sell-side analysts forecast that Crane NXT will post 4.31 EPS for the current year.

Institutional Trading of Crane NXT

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tidal Investments LLC bought a new position in Crane NXT during the 2nd quarter valued at approximately $247,000. Integrated Wealth Concepts LLC purchased a new position in Crane NXT during the second quarter valued at $53,000. Nykredit A S bought a new stake in Crane NXT in the second quarter worth $150,000. Corient Private Wealth LP boosted its holdings in Crane NXT by 15.0% in the second quarter. Corient Private Wealth LP now owns 22,179 shares of the company’s stock worth $1,135,000 after acquiring an additional 2,892 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Crane NXT in the second quarter worth $527,000. Hedge funds and other 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.