
Carpenter Technology (CRS) Stock Forecast & Price Target
Carpenter Technology (CRS) Analyst Ratings
Bulls say
Carpenter Technology Corp has demonstrated robust financial performance, highlighted by a 23% quarter-over-quarter increase in aerospace and defense bookings, signaling strong confidence in the aerospace supply chain. The Specialty Alloys Operations segment exhibits expanding margins of 32.0%, driven by effective productivity improvements and disciplined working capital management, which is expected to contribute to continued strong free cash flow generation. Additionally, a 30% quarter-over-quarter growth in engine orders reflects a broad revival in commercial aerospace demand, underpinning Carpenter Technology's optimistic outlook as it aims to exceed its fiscal year 2027 targets.
Bears say
Carpenter Technology Corp experienced its first sequential decline in Specialty Alloys Operations (SAO) price and EBITDA per pound since the first quarter of FY23, leading to a negative sentiment regarding the company's operating income per pound. Additionally, the company faces a significant gap of approximately 30% between nickel capacity and demand, which could adversely affect market pricing despite ongoing capacity expansion by nickel suppliers. Furthermore, medical sales declined by 20% quarter-over-quarter and 16% year-over-year, primarily due to destocking among distribution customers, reflecting potential weakness in demand across key segments.
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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