Recent extremely meaningful positive changes in investment behavior have benefitted Carpenter Technology Corp (NYSE: CRS): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Carpenter Technology Corp (NYSE: CRS) has recently enjoyed notable positive changes in fundamentals: 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 (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Carpenter Technology has a poor Appreciation Score of 22 but a very high Power Rating of 92, resulting in the High Neutral Value Trend Rating.
Recent Price Action
Carpenter Technology Corp (NYSE: CRS) stock enjoyed a large increase of 2.2% on 6/5/24. The stock closed at $106.69. This advance was accompanied by normal trading volume. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.0% during the last week.
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