Recent Research Analysts’ Ratings Changes for Crane (CR)

Crane (NYSE: CR) recently received a number of ratings updates from brokerages and research firms:

  • 10/10/2017 – Crane had its “buy” rating reaffirmed by analysts at Scotiabank.
  • 10/4/2017 – Crane had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $84.00 price target on the stock.
  • 10/3/2017 – Crane was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Year to date, Crane's shares have outperformed the industry. In the years ahead, the company anticipates benefiting from increasing demand for productivity solutions in Payment & Merchandising Technologies segment, high growth aerospace programs in Aerospace & Electronics, recovering orders in Fluid Handling and strengthening end markets in Engineered Materials. For 2017, the company reaffirmed its previously issued earnings guidance of $4.35-$4.55 per share. However, demand for payment and merchandising products is predicted to be uneven in 2017. Also, the company expects the ebbing impact from unfavorable foreign currency movements to be offset by higher commodity and input costs.”
  • 10/2/2017 – Crane was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $90.00 price target on the stock. According to Zacks, “Over the last three months, shares of Crane Co. outperformed the Zacks categorized industry. In the years ahead, the company anticipates benefiting from increasing demand for productivity solutions in Payment & Merchandising Technologies segment, high growth aerospace programs in Aerospace & Electronics, recovering orders in Fluid Handling and strengthening end-markets in Engineered Materials. For 2017, the company increased the lower-end of its previously issued earnings guidance of $4.30-$4.55 per share by $0.05 to $4.35-$4.55. Core sales will likely be flat to up 2%. Over the last 60 days, earnings estimates on the stock were revised upwards for both 2017 and 2018.”
  • 10/2/2017 – Crane had its “hold” rating reaffirmed by analysts at Boenning Scattergood.
  • 9/25/2017 – Crane had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada.
  • 9/8/2017 – Crane was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 8/19/2017 – Crane was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/14/2017 – Crane was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.

Shares of Crane Company (NYSE CR) traded up 1.02% on Thursday, reaching $81.55. 221,876 shares of the company’s stock traded hands. The company has a 50 day moving average price of $76.89 and a 200 day moving average price of $77.55. The firm has a market capitalization of $4.86 billion, a price-to-earnings ratio of 37.15 and a beta of 1.12. Crane Company has a 52 week low of $59.81 and a 52 week high of $84.34.

Crane (NYSE:CR) last released its earnings results on Monday, July 24th. The conglomerate reported $1.17 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.17. The firm had revenue of $702.50 million for the quarter, compared to analysts’ expectations of $702.53 million. Crane had a net margin of 4.79% and a return on equity of 20.57%. Crane’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter last year, the company earned $1.21 EPS. On average, equities research analysts predict that Crane Company will post $4.48 earnings per share for the current fiscal year.

In other news, VP Edward S. Switter sold 7,000 shares of Crane stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $74.03, for a total value of $518,210.00. Following the transaction, the vice president now owns 23,873 shares of the company’s stock, valued at approximately $1,767,318.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director E Thayer Bigelow sold 6,000 shares of Crane stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $73.73, for a total transaction of $442,380.00. The disclosure for this sale can be found here. Insiders sold a total of 22,200 shares of company stock worth $1,661,630 in the last ninety days. Corporate insiders own 3.10% of the company’s stock.

Crane Co (Crane) is a manufacturer of engineered industrial products. The Company operates through four segments, including Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics, and Engineered Materials. The Fluid Handling segment is a provider of engineered fluid handling equipment, including Process Valves and Related Products, Commercial Valves and Other Products.

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