
Carpenter Technology (CRS) Stock Forecast & Price Target
Carpenter Technology (CRS) Analyst Ratings
Bulls say
Carpenter Technology is positively positioned as a primary beneficiary of tight supply-demand conditions in nickel-based superalloy markets, with a strong outlook for growth in the next few years. Additionally, the company has a strong balance sheet with high liquidity and a good track record of managing working capital and free cash flow. Management has also expressed confidence in the current demand and has hinted towards potential upside to their current guidance.
Bears say
Carpenter Technology is a supplier of specialty metals to various industries with a negative outlook due to potential risks such as volatile customer buying patterns, fluctuations in nickel prices, and changing aerospace and energy cycles. With a current EV/EBITDA of 21.6x and projected to be at 23.0x at our price target of $459.00, we believe the stock is overvalued compared to its historical trading range of 7-10x. Additionally, while medical sales are expected to rebound, the company may see continued pressure on pricing and profit per pound in the near term.
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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