This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Steel Stocks With Upside

10. Carpenter Technology (CRS - Get Report) engages in the manufacture, fabrication and distribution of specialty metals with its operations structured into two main reportable segments: Advanced Metals and Premium Alloys. The company provides material solutions to the aerospace, industrial, energy, medical, consumer products and automotive industries.

For the third quarter of 2011, the company recorded net income of $28.6 million or 64 cents per share, compared to $2.1 million or 5 cents per share in the year-ago period. Meanwhile, net sales for the same period soared 37.8% to $464.2 million with sales for Premium Alloys and Advanced Materials increasing 47% and 13%, respectively. Currently, CRS has a dividend yield of 1.69%.

For the upcoming fourth quarter and full year 2011, the company estimates to achieve its earlier growth and earnings targets. On the forecast of higher demand in the upcoming months, the company will expand downstream capacity further and expects to incur capital spending of $150 to $200 million for fiscal 2012.

Early May 2011, the company announced a significant expansion project at its Reading, Pa. facility. The expansion will allow for the installation of two additional Electroslag Remelting Furnaces (ESR) and increase capacity for Forge Finishing and Annealing operations.

Of the 10 analysts covering the stock, 50% recommend a buy while 40% rate a hold on it. Analysts polled by Bloomberg envisage an average 12-month price target of $54.50 -- about 6.8% higher than the stock's current price.

2 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ATI $16.34 0.00%
CRS $35.41 0.00%
MUSA $57.42 0.00%
NUE $49.78 0.00%
STLD $25.21 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs