On 11/6/24, Carpenter Technology Corp (NYSE: CRS) stock enjoyed a major increase of 10.5%, closing at $178.10. Moreover, this advance was accompanied by unusually high trading volume at 154% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 9.4% during the last week.
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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Carpenter Technology has a poor Appreciation Score of 29 but a very high Power Rating of 93, with the High Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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