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Carpenter Technology Corporation (NYSE:CRS) target bumped up to $45.00, reported today by Zacks Investment Research

Carpenter Technology Corporation (NYSE:CRS) had its target price raised to $45.00 by Zacks Investment Research in a report released 10/03/2016. The new target price indicates a possible upside of 0.11% based on the company's last stock close price.

Yesterday Carpenter Technology Corporation (NYSE:CRS) traded -1.62% lower at $40.59. The company’s 50-day moving average is $37.72 and its 200-day moving average is $35.51. The last stock close price is up 14.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 286,633 shares of the stock were exchanged, down from an average trading volume of 326,300

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Carpenter Technology Corporation (NYSE:CRS)

Carpenter Technology Corporation has a 52 week low of $23.99 and a 52 week high of $42.25 with a P/E ratio of 176.48 The company’s market cap is currently $0.

About Carpenter Technology Corporation (NYSE:CRS)

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company's segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations. Its PEP segment includes the Dynamet titanium business, the Carpenter Powder Products business, the Amega West business, the Specialty Steel Supply business and the Latrobe and Mexico distribution businesses. It develops, manufactures and distributes cast/wrought and powder metal stainless steels, and special alloys, including high temperature (iron-nickel-cobalt base), stainless, corrosion resistant, controlled expansion alloys, ultra-high strength and implantable alloys, tool and die steels and other specialty metals, as well as cast/wrought titanium alloys. The Company manufactures and rents down-hole drilling tools and components used in the oil and gas industry.

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