• Sat. Jun 10th, 2023

Carpenter Technologies Is A Very good Purchase At The Existing Levels (NYSE:CRS)


May 27, 2023


Investment Thesis

Carpenter Technologies Corporation (NYSE:CRS) is anticipated to continue benefiting from strength across all finish markets and a robust backlog, mostly in the Aerospace and defense sector. This is driven by robust demand and larger lead occasions. The company’s margin is also anticipated to boost due to volume leverage, investments in productivity, and the concentrate on higher-margin business enterprise. The organization is anticipated to post a powerful development in EPS more than the subsequent handful of years, and its valuation appears appealing taking into consideration these development prospects. Therefore, I have a get rating on the stock.

CRS Income Development (Firm information, GS Analytics Investigation)

CRS Finish-Markets (Firm information, GS Analytics Investigation)

Adjusted Operating Margin (Firm information, GS Analytics Investigation)

CRS Consensus EPS estimates (Looking for Alpha)

Company’s Lengthy Term Operating Margin Target (Investor Presentation)

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