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

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

Several other research firms also recently commented on CXT. Jefferies Financial Group began coverage on Crane NXT in a research report on Tuesday, September 22nd. They set a “buy” rating and a $60.00 target price for the company. DA Davidson reiterated a “buy” rating and set a $85.00 price objective on shares of Crane NXT in a research note on Friday, September 18th. Robert W. Baird set a $68.00 price objective on Crane NXT in a research note on Friday, August 7th. Weiss Ratings raised Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. Finally, Northland Securities set a $65.00 target price on shares of Crane NXT in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Crane NXT has a consensus rating of “Moderate Buy” and a consensus target price of $66.83.

Crane NXT Stock Performance

NYSE:CXT opened at $48.84 on Friday. Crane NXT has a 12-month low of $35.71 and a 12-month high of $69.00. 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 firm has a market capitalization of $2.81 billion, a PE ratio of 20.18 and a beta of 1.08. The firm has a 50-day moving average price of $50.02 and a 200 day moving average price of $46.23.

Crane NXT (NYSE:CXT) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $475.62 million. During the same period in the previous year, the business earned $0.97 earnings per share. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Research analysts anticipate that Crane NXT will post 4.31 earnings per share for the current fiscal year.

Crane NXT Announces Dividend

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

Institutional Investors Weigh In On Crane NXT

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tidal Investments LLC bought a new position in Crane NXT in the 2nd quarter valued at $247,000. Integrated Wealth Concepts LLC bought a new stake in shares of Crane NXT during the second quarter worth $53,000. Nykredit A S bought a new stake in shares of Crane NXT during the second quarter worth $150,000. Corient Private Wealth LP increased its stake in shares of Crane NXT by 15.0% in the second quarter. Corient Private Wealth LP now owns 22,179 shares of the company’s stock valued at $1,135,000 after buying an additional 2,892 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Crane NXT in the second quarter valued at $527,000. 77.49% of the stock is owned by institutional investors and hedge funds.

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.