Carpenter Technology is upgraded to Buy after a 36% price decline and improved free cash flow expectations. CRS's operating income is projected to grow 21%-25% by FY27, with FY29 targets of $1.2–$1.3 billion, driven by aerospace demand and capacity expansion. Free cash flow expectations have increased 20% due to strong cash conversion and lower CapEx, supporting a base case price target of $438.44 (14% upside).
The heavy selling pressure might have exhausted for Carpenter (CRS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Each week, Benzinga's Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Carpenter (CRS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Carpenter Technology's Specialty Alloys Operations post record margins as productivity and product mix gains fuel growth and support ambitious profit targets.
Carpenter Technology NYSE: CRS said fiscal 2026 marked another record year for earnings, while the company continues to pursue a capacity expansion intended to support demand from aerospace and defense customers.
Poolbeg Pharma PLC (AIM:POLB), the clinical-stage biopharmaceutical company, has secured a South Korean patent for POLB 001 to prevent cytokine release syndrome (CRS) induced by cancer immunotherapy. CRS is a potentially serious complication of a range of cancer immunotherapies.
The heavy selling pressure might have exhausted for Carpenter (CRS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
CRS sees strong aerospace demand and rising bookings supporting fiscal 2027 growth, with capacity expansion set to aid longer-term gains.
CRS delivers strong FY26 cash flow growth. It expects higher profitability and $400-$430M in adjusted free cash flow in FY27.
Carpenter Technology's $400M brownfield expansion is on track to boost capacity, supporting its $1.2-$1.3B FY29 operating income target.
Carpenter Technology beats on Q4 earnings as Specialty Alloys Operations strength, pricing and higher shipments lift revenues, margins and operating income.