Carpenter Technology Corporation stock performance trend indicates that the stock price has rallied 2.82% in the past 12 Weeks but analyzing the 6 month chart of the stock, the price of the stock has managed to drop negative and it has dropped down to -7.25% . Looking at the past 52 week period, the stock price is up at 7.35% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Carpenter Technology Corporation has a positive value of 13.02 compared to overall market.Carpenter Technology Corporation is having a Relative Strength Index of 49.25 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Stocks of Carpenter Technology Corporation (NYSE:CRS) rallied by 8.14% during the past week but lost 6.91% on a 4-week basis. The company has outperformed the S&P 500 by 7.88% in the past week but underperformed the index by 7.97% in the last 4 weeks.
Company shares have received an average consensus rating of Hold for the current week Carpenter Technology Corporation (NYSE:CRS) stock ended Friday session in the red zone in a volatile trading. The stock closed down 0.08 points or 0.21% at $38.27 with 1,357,417 shares getting traded. Post opening the session at $38.42, the shares hit an intraday low of $38.01 and an intraday high of $39 and the price was in this range throughout the day. The company has a market cap of $1,788 million and the number of outstanding shares has been calculated to be 46,721,025 shares. The 52-week high of Carpenter Technology Corporation (NYSE:CRS) is $45.335 and the 52-week low is $28.74.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Carpenter Technology Corporation was Upgraded by Seaport Global Securities on Mar 16, 2017 to Buy, Price Target of the shares are set at $45.Carpenter Technology Corporation was Initiated by Deutsche Bank on Dec 19, 2016 to Hold, Price Target of the shares are set at $35.
Company has reported several Insider transactions to the SEC, on Feb 24, 2017, Steven E Karol (director) sold 10,000 shares at 42.02 per share price.On Feb 8, 2017, Kathryn C Turner (director) sold 8,000 shares at 42.60 per share price.On Aug 3, 2016, Gregory A Pratt (director) sold 10,358 shares at 38.78 per share price.
Carpenter Technology Corporation Last issued its quarterly earnings results on Feb 2, 2017. The company reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.10. Analyst had a consensus of $0.05. The company had revenue of $427.40 million for the quarter, compared to analysts expectations of $412.50 million. The companys revenue was down -3.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.24 EPS.
Carpenter Technology Corporation is a leading manufacturer and distributor of specialty alloys, including stainless steel and titanium, and various engineered products made from metallic and ceramic materials. These products have been used in planes, cars and trucks, electronic equipment, medical devices and instruments, industrial fittings, sporting goods, and oil and gas exploration and processing. Carpenter engineered materials have been used in hundreds of applications from industrial tools to jet engines to fuel injectors and medical implants. Its engineered materials are known for their dependability, strength, toughness, corrosion resistance, and the ability to stay intact in high temperatures.