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

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

CXT has been the subject of several research analyst reports. Jefferies Financial Group began coverage on shares of Crane NXT in a report on Tuesday, September 22nd. They issued a “buy” rating and a $60.00 price target for the company. Wall Street Zen raised Crane NXT from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Northland Securities set a $65.00 target price on Crane NXT in a report on Monday, August 10th. Robert W. Baird set a $68.00 target price on Crane NXT in a research note on Friday, August 7th. Finally, Weiss Ratings raised Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th.

Hedge Funds Weigh In On Crane NXT

Several institutional investors and hedge funds have recently modified their holdings of the business. Walleye Capital LLC acquired a new stake in Crane NXT during the 2nd quarter worth approximately $1,066,000. BlackRock Inc. bought a new position in Crane NXT in the second quarter valued at approximately $329,797,000. Bank of America Corp DE lifted its stake in Crane NXT by 38.7% in the first quarter. Bank of America Corp DE now owns 449,024 shares of the company’s stock valued at $18,226,000 after buying an additional 125,207 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Crane NXT by 35.8% in the first quarter. Sei Investments Co. now owns 176,299 shares of the company’s stock valued at $7,156,000 after buying an additional 46,465 shares during the period. Finally, Congress Asset Management Co. boosted its holdings in shares of Crane NXT by 1.7% in the third quarter. Congress Asset Management Co. now owns 1,185,663 shares of the company’s stock valued at $55,845,000 after buying an additional 19,402 shares during the period. 77.49% of the stock is currently owned by institutional investors and hedge funds.

Crane NXT Stock Up 0.1%

Shares of NYSE CXT opened at $56.92 on Tuesday. The stock has a market cap of $3.28 billion, a P/E ratio of 23.52 and a beta of 1.08. The firm has a 50 day moving average price of $50.24 and a 200 day moving average price of $47.72. 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 has a 52-week low of $35.71 and a 52-week high of $66.44.

Crane NXT (NYSE:CXT) last issued its earnings results on Wednesday, August 5th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $1.04 by $0.06. The firm had revenue of $493.20 million during the quarter, compared to the consensus estimate of $475.62 million. Crane NXT had a net margin of 7.78% and a return on equity of 19.87%. The business’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.97 earnings per share. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Analysts expect that Crane NXT will post 4.31 EPS for the current year.

Crane NXT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 9th. Stockholders 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 1.3%. Crane NXT’s dividend payout ratio (DPR) is currently 29.75%.

Crane NXT Company Profile

Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.

Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.