Keybanc Reiterates Buy Rating for Carpenter Technology
Keybanc reaffirmed its buy rating on Carpenter Technology with a $644 target, a 4.40% upside from the current price.
Key Points
- Keybanc reiterated its buy rating on Carpenter Technology with a price target of $644 as of June 30, 2026.
- Keybanc's $644 price target implies 4.40% upside from Carpenter Technology Corporation's ($CRS) current $616.84 share price.
- Carpenter Technology, trading at $607.03 on Tuesday, has a market cap of about $29.4 billion and a P/E ratio of 62.1.
- Insiders have been active, with Karol Steven selling 2,000 shares on June 1, 2026, at an average price of $487.74.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
On June 30, 2026, Keybanc reiterated its buy rating for Carpenter Technology Corporation (NYSE:CRS). Analyst Michael Leshock set a price target of $644 for the company. This reaffirmation comes as Carpenter Technology's stock traded around $607.03 on Tuesday.
Keybanc vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Carpenter Technology Corporation Stock Up 29.5%
Shares of Carpenter Technology were trading at approximately $607.03 on Tuesday. The company has a market capitalization of about $29.4 billion. Its price-to-earnings ratio stands at 62.1, with a forward P/E of 46.7. The stock's 52-week range has been between $228.00 and $605.11. Its 50-day moving average is $475.54, and its 200-day moving average is $365.32. Carpenter Technology has a current ratio of 3.73 and a quick ratio of 1.92, with a debt-to-equity ratio of 33.82.
$CRS price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Carpenter Technology reported revenue of approximately $3.03 billion, showing a growth of 11.6%. The company's net margin is 15.8%, with a return on equity of 24.9%. Earnings per share were $9.53. The next earnings report is scheduled for July 30, 2026.
Dividend
Carpenter Technology pays an annual dividend rate of $0.80, yielding 0.14%. The dividend payout ratio is 8.42%.
Insider Buying and Selling at Carpenter Technology Corporation
Recent insider activity at Carpenter Technology includes Karol Steven selling 2,000 shares on June 1, 2026, at an average price of $487.74. On May 28, 2026, Anastasio John Hart sold 250 shares, bought 250 shares at $45.12, and sold another 250 shares at $461.88. Marshall Akins, VP and Chief Communications Officer, sold 11,815 shares at an average price of $441.36 on May 5, 2026.
Analysts Set New Price Targets
On June 30, 2026, Keybanc maintained its buy rating for Carpenter Technology with a target price of $644. TD Cowen also maintained a buy rating with a $470 target on May 22, 2026. Wells Fargo kept a hold rating with a $425 target on May 4, 2026. The consensus target price is $469.50, based on 8 analyst opinions.
About Carpenter Technology
Carpenter Technology Corporation is a leading manufacturer and distributor of specialty metals. Based in Philadelphia, Pennsylvania, the company operates in the metal fabrication industry, focusing on specialty alloys, including titanium and stainless steels. It serves various sectors, including aerospace, defense, medical, and energy. Carpenter Technology has approximately 4,500 employees and is led by CEO Tony R. Thene.
Bottom Line
Keybanc's reiterated buy rating and $644 price target highlight continued confidence in Carpenter Technology's growth prospects. Investors follow such updates closely for insights into potential future performance. Remember, analyst ratings reflect past data and may not indicate current conditions.
Get Carpenter Technology Corporation alerts
New 13F filings, insider trades, and analyst moves on $CRS, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.