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NYSE: CRS
Carpenter Technology Corp Stock Forecast, Predictions & Price Target

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Analyst price target for CRS

Based on 2 analysts offering 12 month price targets for Carpenter Technology Corp.
Min Forecast
$45.00+9.6%
Avg Forecast
$49.00+19.34%
Max Forecast
$53.00+29.08%

Should I buy or sell CRS stock?

Based on 2 analysts offering ratings for Carpenter Technology Corp.
Strong Buy
Strong Buy
1 analysts 50%
Buy
1 analysts 50%
Hold
0 analysts 0%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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CRS stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Cowen & Co.
Top 11%
90
BuyUpgrades$45.00+9.60%2022-09-12
JP Morgan
Bottom 16%
16
Strong BuyUpgrades$53.00+29.08%2022-02-11

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Forecast return on equity

Is CRS forecast to generate an efficient return?
Company
8.71%
Industry
22.34%
Market
51.79%
CRS's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CRS forecast to generate an efficient return on assets?
Company
3.87%
Industry
7.39%
CRS is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CRS earnings per share forecast

What is CRS's earnings per share in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$1.30
Avg 2 year Forecast
$2.35

CRS revenue forecast

What is CRS's revenue in the next 2 years based on estimates from 2 analysts?
Avg 1 year Forecast
$2.4B+22.82%
Avg 2 year Forecast
$2.4B+23.51%
CRS's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CRS revenue growth forecast

How is CRS forecast to perform vs Metal Fabrication companies and vs the US market?
Company
11.14%
Industry
3.89%
Market
6.46%
CRS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CRS's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CRS vs Metal Fabrication Stocks

TickerPricePrice TargetUp/downsideConsensus
CRS$41.06$49.00+19.34%Strong Buy
RYI$29.49$35.00+18.68%Buy
PRLB$26.52$24.50-7.62%Buy
HAYN$49.96N/AN/AHold
IIIN$29.49N/AN/AHold

Carpenter Technology Stock Forecast FAQ

Is Carpenter Technology Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 2 Wall Street analysts covering (NYSE: CRS) stock is to Strong Buy CRS stock.

Out of 2 analysts, 1 (50%) are recommending CRS as a Strong Buy, 1 (50%) are recommending CRS as a Buy, 0 (0%) are recommending CRS as a Hold, 0 (0%) are recommending CRS as a Sell, and 0 (0%) are recommending CRS as a Strong Sell.

If you're new to stock investing, here's how to buy Carpenter Technology stock.

What is CRS's earnings growth forecast for 2023-2024?

(NYSE: CRS) Carpenter Technology's forecast annual earnings growth rate of N/A is not forecast to beat the US Metal Fabrication industry's average forecast earnings growth rate of 80.05%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.59%.

Carpenter Technology's earnings in 2022 is -$41,200,000.On average, 2 Wall Street analysts forecast CRS's earnings for 2023 to be $62,978,404, with the lowest CRS earnings forecast at $54,742,766, and the highest CRS earnings forecast at $70,729,592.

In 2024, CRS is forecast to generate $113,845,576 in earnings, with the lowest earnings forecast at $113,845,576 and the highest earnings forecast at $113,845,576.

What is CRS's revenue growth forecast for 2023-2024?

(NYSE: CRS) Carpenter Technology's forecast annual revenue growth rate of 11.14% is forecast to beat the US Metal Fabrication industry's average forecast revenue growth rate of 3.89%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 6.46%.

Carpenter Technology's revenue in 2022 is $1,971,600,000.On average, 2 Wall Street analysts forecast CRS's revenue for 2023 to be $117,311,810,555, with the lowest CRS revenue forecast at $111,869,023,119, and the highest CRS revenue forecast at $122,754,597,991.

In 2024, CRS is forecast to generate $117,971,872,672 in revenue, with the lowest revenue forecast at $114,581,938,975 and the highest revenue forecast at $121,361,806,369.

What is CRS's forecast return on assets (ROA) for 2023-2024?

(NYSE: CRS) forecast ROA is 3.87%, which is lower than the forecast US Metal Fabrication industry average of 7.39%.

What is CRS's Price Target?

According to 2 Wall Street analysts that have issued a 1 year CRS price target, the average CRS price target is $49.00, with the highest CRS stock price forecast at $53.00 and the lowest CRS stock price forecast at $45.00.

On average, Wall Street analysts predict that Carpenter Technology's share price could reach $49.00 by Sep 12, 2023. The average Carpenter Technology stock price prediction forecasts a potential upside of 19.34% from the current CRS share price of $41.06.

What is CRS's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: CRS) Carpenter Technology's current Earnings Per Share (EPS) is -$0.85. On average, analysts forecast that CRS's EPS will be $1.30 for 2023, with the lowest EPS forecast at $1.13, and the highest EPS forecast at $1.46. In 2024, CRS's EPS is forecast to hit $2.35 (min: $2.35, max: $2.35).

What is CRS's forecast return on equity (ROE) for 2023-2024?

(NYSE: CRS) forecast ROE is 8.71%, which is considered weak.
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