In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Carpenter Technology (CRS), with a price target of $53. The company’s shares opened today at $47.06.
According to TipRanks.com, Khanna is a 5-star analyst with an average return of 10.0% and a 67.2% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Huntington Ingalls, and Vista Outdoor.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carpenter Technology with a $54 average price target, which is a 14.7% upside from current levels. In a report issued on January 17, Seaport Global also maintained a Buy rating on the stock with a $54 price target.
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Based on Carpenter Technology’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $31.2 million. In comparison, last year the company had a net profit of $91.2 million.
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Carpenter Technology Corp. engages in the manufacture, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations, and Performance Engineered Products segments. The Specialty Alloys Operations segment comprises of major premium alloy, and stainless steel manufacturing operations.
