Streetbeat News

CXT

Crane NXT, Co.

https://www.cranenxt.com

Industry

Industrial - Machinery

Crane NXT, Co. focuses on payment and merchandising technologies. It indents to offer electronic equipment and associated software leveraging extensive, and proprietary core capabilities, including payment verification and authentication, as well as automation solutions, field service solutions, remote diagnostics, and productivity enhancing software solutions. The company is based in Stamford, Connecticut.

Open

55.41

Mkt cap

3.2B

Volume

274K

High

55.58

P/E Ratio

18.19

52-wk high

64.80

Low

54.83

Div yield

0.01

52-wk low

50.31

Crane NXT, Co. (NYSE:CXT), a leading industrial technology company, has finalized its acquisition of OpSec Security, a top provider of brand protection and authentication solutions. This strategic move aims to enhance Crane NXT's offerings in the brand protection space.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 11:11 am

Northland Capital Markets has initiated coverage on Crane NXT (CXT) with an Outperform rating and set a price target of $91.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:56 pm

Crane NXT (NYSE:CXT) has received updated analyst ratings, with a unanimous bullish outlook from 4 analysts in the last three months. The average 12-month price target is now $85.00, marking an 8.52% increase from the previous $78.33. This adjustment reflects positive sentiment based on Crane NXT's recent performance, including a revenue growth rate of 5.53%, a net margin of 13.87%, and an ROE of 5.39%. However, the company's debt-to-equity ratio of 0.72 indicates a higher level of debt.

Portfolio Pulse from Benzinga Insights

March 18, 2024 | 4:00 pm

DA Davidson analyst Matt Summerville maintains a Buy rating on Crane NXT (NYSE:CXT) and raises the price target from $80 to $100.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 1:40 pm

DA Davidson analyst Matt Summerville maintains a Buy rating on Crane NXT (NYSE:CXT) and keeps the price target at $80.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 12:52 pm

Crane NXT has announced its plan to acquire OpSec Security for $270 million in cash. This strategic move aims to enhance Crane NXT's position in the security sector by integrating OpSec Security's advanced technologies and services.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 11:02 am

DA Davidson analyst Matt Summerville has reiterated a Buy rating on Crane NXT (NYSE:CXT), maintaining a price target of $80.

Portfolio Pulse from Benzinga Newsdesk

March 04, 2024 | 5:52 pm

Crane NXT forecasts its FY24 adjusted EPS to be in the range of $4.10-$4.35, which is around the current estimate of $4.33.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:50 pm

Crane NXT (NYSE:CXT) reported Q4 2023 adjusted EPS of $0.99, surpassing the $0.93 estimate, with sales of $356.90M exceeding the $341.42M forecast. This represents a 5.53% increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 14, 2024 | 9:15 pm

Earnings reports for various companies are scheduled for February 14, 2024. The report includes projections for earnings per share and revenue for a wide range of companies across different sectors, including technology, healthcare, industrial, consumer goods, and financial services. Some companies are expected to report losses, while others anticipate profits.

Portfolio Pulse from Benzinga Insights

February 14, 2024 | 9:48 am

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