Carpenter Technology Corp (NYSE: CRS) has benefited from exceptional positive changes in investment behavior: the stock rose on very heavy volume, and positive upside/downside volume developed.
Recent significant positive changes in fundamentals have benefitted Carpenter Technology Corp (NYSE: CRS): the consensus estimate for June, 2025 increased significantly, and the consensus estimate for June, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CRS is expected to continue to be an important Value Builder.
Carpenter Technology has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Carpenter Technology has a very low Appreciation Score of 14 but a very high Power Rating of 86, with the Neutral Value Trend Rating the result.
Recent Price Action
Carpenter Technology Corp (NYSE: CRS) stock closed at $102.54 on 5/7/24 after a modest gain of 0.6%. Moreover, exceptionally high trading volume at 210% of normal accompanied the advance. The stock has risen 22.5% during the last week and has been strong relative to the market over the last nine months.
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