Cowen & Co. analyst Gautam Khanna maintained a Hold rating on Carpenter Technology (NYSE:CRS) Corp. on Monday, setting a price target of $38, which is approximately 6.36% below the present share price of $40.58.
Khanna expects Carpenter Technology Corp . to post earnings per share (EPS) of -$0.84 for the second quarter of 2021.
The current consensus among 1 TipRanks analysts is for a Hold rating of shares in Carpenter Technology, with an average price target of $38.
The analysts price targets range from a high of $38 to a low of $38.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $351.9 million and a net profit of -$35 million. The company's market cap is $1.95 billion.
According to TipRanks.com, Cowen & Co. analyst Gautam Khanna is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.5% and a 69.70% success rate.
Carpenter Technology Corp. engages in the manufacture, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations and Performance Engineered Products segments. The Specialty Alloys Operations segment comprises of major premium alloy and stainless steel manufacturing operations. The Performance Engineered Products segment includes the dynamet titanium, carpenter powder products, amega west, CalRAM, LPW Technology Limited, and the Latrobe and Mexico distribution businesses. The company was founded by James Carpenter in 1889 and is headquartered in Philadelphia, PA.