
Carpenter Technology (CRS) Stock Forecast & Price Target
Carpenter Technology (CRS) Analyst Ratings
Bulls say
Carpenter Technology Corp is positioned positively due to a 23% quarter-over-quarter increase in aerospace and defense bookings, reflecting growing confidence within the aerospace supply chain, particularly with major clients like Boeing and Airbus. The Specialty Alloys Operations segment is experiencing an expansion in margins to 32.0%, along with strong working capital management and minimal upcoming capital expenditures, which are expected to support sustained improvements in free cash flow generation. Additionally, robust demand across commercial aerospace sectors, highlighted by a 30% growth in engine orders, underpins the company's outlook for continued productivity and profitability in the coming years.
Bears say
Carpenter Technology Corp experienced a decline in both Specialty Alloys Operations (SAO) price and EBITDA per pound for the first time since Q1 FY23, indicating potential challenges in profitability despite a shift in their business model towards focusing on profit per pound sold. The company's operating income per pound has sequentially decreased, raising concerns about its ability to maintain consistent revenue momentum. Additionally, a significant decline in medical sales by 20% quarter-over-quarter and 16% year-over-year further contributes to a negative outlook, compounded by a notable gap in nickel capacity versus demand that may impact market pricing and overall financial performance.
This aggregate rating is based on analysts' research of Carpenter Technology and is not a guaranteed prediction by Public.com or investment advice.
Carpenter Technology (CRS) Analyst Forecast & Price Prediction
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