Crane NXT (NYSE:CXT) Rating Lowered to Hold at Wall Street Zen

Crane NXT (NYSE:CXT) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the company. Northland Securities set a $65.00 price objective on Crane NXT in a report on Monday, August 10th. DA Davidson reiterated a “buy” rating and issued a $85.00 target price on shares of Crane NXT in a report on Friday, September 18th. Weiss Ratings raised Crane NXT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Jefferies Financial Group began coverage on Crane NXT in a report on Tuesday, September 22nd. They set a “buy” rating and a $60.00 price objective on the stock. Finally, Robert W. Baird set a $68.00 price target on shares of Crane NXT in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Crane NXT presently has an average rating of “Moderate Buy” and a consensus target price of $66.83.

Crane NXT Price Performance

CXT opened at $58.60 on Friday. The business’s 50-day moving average is $51.02 and its two-hundred day moving average is $47.91. The firm has a market capitalization of $3.37 billion, a PE ratio of 24.21 and a beta of 1.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.42 and a quick ratio of 1.07. Crane NXT has a 1 year low of $35.71 and a 1 year high of $65.56.

Crane NXT (NYSE:CXT) last released its earnings results on Wednesday, August 5th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.06. The firm had revenue of $493.20 million for the quarter, compared to the consensus estimate of $475.62 million. Crane NXT had a return on equity of 19.87% and a net margin of 7.78%. The firm’s revenue was up 22.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 EPS. Crane NXT has set its FY 2026 guidance at 4.220-4.420 EPS. Research analysts anticipate that Crane NXT will post 4.31 earnings per share for the current fiscal year.

Institutional Trading of Crane NXT

Hedge funds have recently bought and sold shares of the business. State of Wyoming grew its holdings in Crane NXT by 27.1% during the third quarter. State of Wyoming now owns 3,090 shares of the company’s stock valued at $146,000 after purchasing an additional 658 shares during the period. D.A. Davidson & CO. raised its position in shares of Crane NXT by 0.6% in the 3rd quarter. D.A. Davidson & CO. now owns 95,718 shares of the company’s stock valued at $4,508,000 after purchasing an additional 594 shares in the last quarter. Simplicity Wealth LLC increased its stake in shares of Crane NXT by 89.6% in the third quarter. Simplicity Wealth LLC now owns 21,060 shares of the company’s stock worth $992,000 after acquiring an additional 9,950 shares during the last quarter. Gibbs Wealth Management grew its position in Crane NXT by 7.8% in the third quarter. Gibbs Wealth Management now owns 16,717 shares of the company’s stock valued at $787,000 after acquiring an additional 1,204 shares during the period. Finally, Kirr Marbach & Co. LLC IN lifted its stake in Crane NXT by 4.0% in the third quarter. Kirr Marbach & Co. LLC IN now owns 120,500 shares of the company’s stock valued at $5,676,000 after buying an additional 4,688 shares in the last quarter. 77.49% of the stock is currently owned by institutional investors.

Crane NXT Company Profile

Crane NXT, Co is a technology company that develops solutions for payment acceptance, cash management, currency security and brand protection. The company serves businesses and government organizations that require secure, reliable methods for processing transactions, managing cash and authenticating products and documents.

Its Payment & Merchandising Technologies segment provides payment and cash-handling equipment and software for applications including retail, vending, gaming, transportation and other automated or self-service environments.