Stock Rating Downgrade
In the last week the Value Trend Rating for Carpenter Technology Corp (NYSE: CRS) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Carpenter Technology Corp (NYSE: CRS) stock closed at $157.99 on 10/1/24 after a slight decline of -1.0%. However, unusually low trading volume at 50% of normal accompanied the decline. The stock is unchanged during the last week and has been exceptionally strong relative to the market over the last nine months.
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 28 but a very high Power Rating of 98, resulting in the High Neutral Value Trend Rating.
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