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

Crane NXT, Co. (NYSE:CXT) has received an average rating of “Moderate Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $66.83.

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

Crane NXT Stock Up 2.1%

CXT stock opened at $48.07 on Friday. Crane NXT has a one year low of $35.71 and a one year high of $69.00. The firm has a market cap of $2.77 billion, a PE ratio of 19.86 and a beta of 1.08. The firm’s 50 day moving average price is $50.10 and its 200-day moving average price is $46.21. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.07 and a current ratio of 1.42.

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. The company had revenue of $493.20 million during the quarter, compared to analyst estimates of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%.The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business 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 anticipate that Crane NXT will post 4.31 EPS for the current year.

Crane NXT Announces Dividend

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

Institutional Trading of Crane NXT

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Crane NXT during the second quarter worth $329,797,000. Norges Bank purchased a new stake in shares of Crane NXT in the 4th quarter valued at $30,057,000. Bank of New York Mellon Corp acquired a new position in Crane NXT during the 2nd quarter worth about $23,160,000. Bank of America Corp DE acquired a new position in Crane NXT during the 2nd quarter worth about $20,900,000. Finally, Ancora Advisors LLC purchased a new position in Crane NXT during the 2nd quarter valued at about $20,102,000. 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.