Crane NXT (NYSE:CXT) Stock Rating Lowered by Northland Capmk

Crane NXT (NYSE:CXT - Get Free Report) was downgraded by Northland Capmk from a "strong-buy" rating to a "hold" rating in a research report issued on Tuesday,Zacks.com reports. Northland Capmk also issued estimates for Crane NXT's Q1 2025 earnings at $0.61 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.22 EPS, FY2025 earnings at $4.14 EPS, Q1 2026 earnings at $0.73 EPS, Q2 2026 earnings at $1.15 EPS, Q3 2026 earnings at $1.28 EPS, Q4 2026 earnings at $1.27 EPS and FY2026 earnings at $4.43 EPS.

Several other equities analysts also recently commented on CXT. Northland Securities downgraded shares of Crane NXT from an "outperform" rating to a "market perform" rating and set a $72.00 target price on the stock. in a research report on Tuesday. Robert W. Baird raised their price target on Crane NXT from $77.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $83.33.

Crane NXT Stock Down 1.9 %

Shares of CXT traded down $1.12 during mid-day trading on Tuesday, reaching $58.15. The company's stock had a trading volume of 601,218 shares, compared to its average volume of 449,177. Crane NXT has a 1 year low of $52.89 and a 1 year high of $67.00. The company has a quick ratio of 0.88, a current ratio of 1.14 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 18.23 and a beta of 1.36. The business has a fifty day moving average of $60.94 and a 200 day moving average of $58.59.

Crane NXT (NYSE:CXT - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.01. Crane NXT had a net margin of 12.38% and a return on equity of 24.08%. As a group, analysts forecast that Crane NXT will post 4.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Crane NXT

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Capital International Investors lifted its position in Crane NXT by 79.3% in the 4th quarter. Capital International Investors now owns 1,351,044 shares of the company's stock valued at $78,658,000 after acquiring an additional 597,537 shares in the last quarter. Conestoga Capital Advisors LLC bought a new stake in Crane NXT in the 4th quarter valued at $31,517,000. Silvercrest Asset Management Group LLC lifted its position in Crane NXT by 95.6% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,021,474 shares of the company's stock valued at $59,470,000 after acquiring an additional 499,290 shares in the last quarter. Norges Bank bought a new stake in Crane NXT in the 4th quarter valued at $26,754,000. Finally, FMR LLC lifted its position in Crane NXT by 4.1% in the 4th quarter. FMR LLC now owns 8,576,731 shares of the company's stock valued at $499,337,000 after acquiring an additional 336,765 shares in the last quarter. 77.49% of the stock is owned by institutional investors.

Crane NXT Company Profile

Crane NXT, Co operates as an industrial technology company that provides technology solutions to secure, detect, and authenticate customers' important assets. The company operates through Crane Payment Innovations and Crane Currency segments. The Crane Payment Innovations segment offers electronic equipment and associated software, as well as advanced automation solutions, processing systems, field service solutions, remote diagnostics, and productivity software solutions.