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Cowen & Co. analyst Gautam Khanna assigned a Buy rating to Carpenter Technology (NYSE: CRS) today and set a price target of $66. The company’s shares closed yesterday at $59.94, close to its 52-week high of $61.49.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 14.2% and a 80.0% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
Carpenter Technology has an analyst consensus of Moderate Buy, with a price target consensus of $66.
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The company has a one-year high of $61.49 and a one-year low of $35.01. Currently, Carpenter Technology has an average volume of 405.6K.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock. Last month, Philip M. Anderson, a Director at CRS bought 6,000 shares for a total of $134,100.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Carpenter Technology Corp. engages in the manufacture, fabrication, and distribution of specialty metals. It operates through the following segments: Specialty Alloys Operations and Performance Engineered Products. The Specialty Alloys Operations segment comprises of the company’s premium alloy and stainless steel manufacturing operations.
