
Carpenter Technology (CRS) Stock Forecast & Price Target
Carpenter Technology (CRS) Analyst Ratings
Bulls say
Carpenter Technology Corp has experienced a significant 23% quarter-over-quarter increase in aerospace and defense (A&D) bookings, demonstrating a growing confidence in the aerospace supply chain. The Specialty Alloys Operations (SAO) segment has shown expanding margins of 32.0%, supported by effective working capital management and minimal upcoming capital expenditures, which are expected to enhance free cash flow generation in the future. Additionally, commercial aerospace demand is ramping up, evidenced by a 30% quarter-over-quarter growth in engine orders and a notable resurgence of structures customers in the market, indicating a robust outlook for sustained revenue growth.
Bears say
Carpenter Technology Corp experienced a decline in Specialty Alloys Operations (SAO) price and EBITDA per pound on a quarter-over-quarter basis for the first time since the first quarter of fiscal year 2023, signaling potential concerns about profit margins and pricing sustainability. The company's medical sales experienced a significant drop of 20% quarter-over-quarter and 16% year-over-year, primarily attributed to destocking activities among distribution customers, raising doubts about demand stability in this segment. Additionally, a considerable 30% gap between nickel capacity and demand persists, with expansion efforts by nickel suppliers expected to have minimal impact on market pricing, suggesting ongoing supply chain challenges for the specialty metals industry.
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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