Carpenter Technology Corp. Surpasses Analyst Target Price
Shares of Carpenter Technology Corp. (Symbol: CRS) recently traded at $238.37, exceeding the average 12-month analyst target of $238.33. Analysts typically respond by either downgrading the stock or raising their targets, depending on the company’s performance.
There are six analyst targets within the Zacks coverage for Carpenter Technology. While one analyst has a low target of $150.00, another forecasts a price of $300.00. The standard deviation among these estimates is $49.261.
Investors are encouraged to evaluate whether the stock’s price of $238.33 is a temporary peak or if it signals a potential for further gains. The following table provides a breakdown of current analyst ratings for Carpenter Technology Corp.:
| Recent CRS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 5 | 5 | 5 | 5 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 2 | 2 | 1 | 1 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 1 | 1 |
| Average rating: | 1.57 | 1.57 | 1.86 | 1.86 |
The average rating, indicating a scale from 1 (Strong Buy) to 5 (Strong Sell), shows a favorable outlook on CRS. Data sourced from Zacks Investment Research via Quandl.com.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
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