Crane NXT (CXT) Stock Price, News & Analysis

Company Overview

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. The Crane Currency segment provides advanced security solutions based on proprietary technology for securing physical products, including banknotes, consumer goods, and industrial products. Crane NXT, Co. was incorporated in 2021 and is based in Waltham, Massachusetts.

Key Stats

• Today's Range: $56.36 to $57.66
• 50-Day Range: $53.35 to $63.25
• 52-Week Range: $52.89 to $64.80
• Volume: 1.47 million shs
• Average Volume: 352,832 shs
• Market Capitalization: $3.23 billion
• P/E Ratio: 18.50
• Dividend Yield: 1.13%
• Price Target: $87.67
• Consensus Rating: Buy

Crane NXT Stock Analysis - MarketRank™

Crane NXT scored higher than 69% of companies evaluated by MarketBeat, and ranked 107th out of 333 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Buy

Consensus Rating

Crane NXT has received a consensus rating of Buy. The company's average rating score is 3.25, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Crane NXT has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 3.05%

Earnings Growth

Earnings for Crane NXT are expected to grow by 3.05% in the coming year, from $4.26 to $4.39 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Crane NXT is 18.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.49.

Price to Earnings Ratio vs. Sector

The P/E ratio of Crane NXT is 18.50, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 28.20.

Price to Book Value per Share Ratio

Crane NXT has a P/B Ratio of 3.33. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 0.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

8.22% of the float of Crane NXT has been sold short.

Short Interest Ratio / Days to Cover

Crane NXT has a short interest ratio ("days to cover") of 10.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Crane NXT has recently increased by 14.20%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Crane NXT pays a meaningful dividend of 1.12%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Crane NXT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Crane NXT is 20.98%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Crane NXT will have a dividend payout ratio of 14.58% next year. This indicates that Crane NXT will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.22% of the float of Crane NXT has been sold short.

Short Interest Ratio / Days to Cover

Crane NXT has a short interest ratio ("days to cover") of 10.2, which indicates bearish sentiment.

Change versus previous month

Short interest in Crane NXT has recently increased by 14.20%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.1 / 5
• News Sentiment: 1.65

News Sentiment

Crane NXT has a news sentiment score of 1.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.59 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Crane NXT this week, compared to 4 articles on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Crane NXT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.66% of the stock of Crane NXT is held by insiders.

Percentage Held by Institutions

77.49% of the stock of Crane NXT is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CXT Stock Analysis - Frequently Asked Questions

How have CXT shares performed this year?

Crane NXT's stock was trading at $56.87 at the beginning of the year. Since then, CXT shares have decreased by 0.8% and is now trading at $56.44.
View the best growth stocks for 2024 here.

How were Crane NXT's earnings last quarter?

Crane NXT, Co. (NYSE:CXT) released its earnings results on Wednesday, November, 6th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.02. The firm's revenue was up 14.3% on a year-over-year basis.

Who are Crane NXT's major shareholders?

Crane NXT's top institutional investors include FMR LLC (14.41%), Wellington Management Group LLP (5.39%), State Street Corp (2.52%) and Victory Capital Management Inc. (2.13%). Insiders that own company stock include Max H Mitchell, Cristen L Kogl, Cristen L Kogl and Kurt F Gallo.
View institutional ownership trends.

How do I buy shares of Crane NXT?

Shares of CXT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Crane NXT own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Crane NXT investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Tesla (TSLA), JPMorgan Chase & Co. (JPM), Netflix (NFLX) and Visa (V).

Company Calendar

• Last Earnings: 11/06/2024
• Ex-Dividend for 12/11 Dividend: 11/29/2024
• Dividend Payable: 12/11/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Miscellaneous fabricated metal products
• Sub-Industry: Construction Materials
• Current Symbol: NYSE:CXT
• CUSIP: N/A
• CIK: 25445
• Web: www.craneco.com
• Phone: (203) 363-7300
• Fax: 203-363-7295
• Employees: 4,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $87.67
• High Stock Price Target: $100.00
• Low Stock Price Target: $78.00
• Potential Upside/Downside: +55.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.05
• Trailing P/E Ratio: 18.50
• Forward P/E Ratio: 13.25
• P/E Growth: N/A
• Net Income: $188.30 million
• Net Margins: 12.18%
• Pretax Margin: 15.70%
• Return on Equity: 23.46%
• Return on Assets: 10.36%

Debt

• Debt-to-Equity Ratio: 0.60
• Current Ratio: 1.38
• Quick Ratio: 1.01

Sales & Book Value

• Annual Sales: $1.44 billion
• Price / Sales: 2.23
• Cash Flow: $5.14 per share
• Price / Cash Flow: 10.99
• Book Value: $16.97 per share
• Price / Book: 3.33

Miscellaneous

• Outstanding Shares: 57,178,000
• Free Float: 56,229,000
• Market Cap: $3.23 billion
• Optionable: Optionable
• Beta: 1.34