Crane NXT (NYSE:CXT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Crane NXT (NYSE:CXT) from a hold rating to a buy rating in a report published on Saturday,Wall Street Zen reports.

CXT has been the topic of several other research reports. Robert W. Baird set a $68.00 price objective on Crane NXT in a research report on Friday, August 7th. Weiss Ratings raised shares of Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. DA Davidson restated a “buy” rating and issued a $85.00 price target on shares of Crane NXT in a report on Friday, September 18th. Northland Securities set a $65.00 target price on shares of Crane NXT in a research note on Monday, August 10th. Finally, Jefferies Financial Group started coverage on Crane NXT in a report on Tuesday, September 22nd. They issued a “buy” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.83.

Crane NXT Stock Performance

Crane NXT stock opened at $49.25 on Friday. The company’s 50-day moving average price is $49.92 and its 200-day moving average price is $46.31. The company has a quick ratio of 1.07, a current ratio of 1.42 and a debt-to-equity ratio of 1.00. The company has a market cap of $2.84 billion, a PE ratio of 20.35 and a beta of 1.08. Crane NXT has a twelve month low of $35.71 and a twelve month high of $69.00.

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

Crane NXT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders of record on Monday, August 31st were issued a dividend of $0.18 per share. The ex-dividend date was Monday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 1.5%. Crane NXT’s dividend payout ratio is 29.75%.

Institutional Trading of Crane NXT

Hedge funds and other institutional investors have recently made changes to their positions in the business. Transamerica Financial Advisors LLC purchased a new position in shares of Crane NXT during the 2nd quarter valued at about $26,000. Caitong International Asset Management Co. Ltd increased its holdings in Crane NXT by 4,458.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 547 shares of the company’s stock valued at $26,000 after buying an additional 535 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Crane NXT in the second quarter worth about $37,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Crane NXT during the 2nd quarter worth about $53,000. Finally, State of Wyoming purchased a new stake in shares of Crane NXT during the 2nd quarter worth about $124,000. Institutional investors and hedge funds 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.