Crane Co. (CR) Receives $94.46 Consensus Target Price from Analysts

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Crane Co. (NYSE:CR) has earned a consensus rating of “Buy” from the thirteen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $104.78.

CR has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Crane in a research note on Friday, January 11th. Buckingham Research began coverage on shares of Crane in a research report on Monday, December 10th. They set a “buy” rating and a $93.00 price target on the stock. Stifel Nicolaus lifted their price target on shares of Crane from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Monday, October 8th. Zacks Investment Research cut shares of Crane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. Finally, Raymond James reissued a “hold” rating on shares of Crane in a research report on Thursday, January 10th.

Shares of CR traded up $0.02 during mid-day trading on Friday, hitting $76.49. 7,808 shares of the company traded hands, compared to its average volume of 283,468. Crane has a one year low of $67.18 and a one year high of $102.65. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.68 and a quick ratio of 1.19. The stock has a market capitalization of $4.55 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.25 and a beta of 1.38.

Crane (NYSE:CR) last announced its quarterly earnings data on Monday, October 22nd. The conglomerate reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.16. Crane had a net margin of 6.76% and a return on equity of 23.29%. The firm had revenue of $855.80 million for the quarter, compared to analysts’ expectations of $855.87 million. During the same period last year, the firm earned $1.13 earnings per share. The business’s revenue for the quarter was up 23.0% on a year-over-year basis. As a group, analysts anticipate that Crane will post 5.89 EPS for the current year.

In other news, Director James L. L. Tullis acquired 400 shares of the firm’s stock in a transaction dated Monday, November 5th. The stock was bought at an average price of $90.62 per share, with a total value of $36,248.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Louis V. Pinkham sold 4,400 shares of Crane stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $93.15, for a total transaction of $409,860.00. Following the completion of the transaction, the insider now directly owns 23,545 shares of the company’s stock, valued at approximately $2,193,216.75. The disclosure for this sale can be found here. In the last three months, insiders sold 20,767 shares of company stock valued at $1,885,878. Insiders own 3.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in CR. Sageworth Trust Co boosted its holdings in shares of Crane by 466.7% during the 3rd quarter. Sageworth Trust Co now owns 1,700 shares of the conglomerate’s stock worth $167,000 after buying an additional 1,400 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Crane during the 3rd quarter worth about $209,000. Oppenheimer & Co. Inc. bought a new stake in shares of Crane during the 3rd quarter worth about $221,000. PEAK6 Investments LLC bought a new stake in Crane in the 3rd quarter valued at about $224,000. Finally, MML Investors Services LLC bought a new stake in Crane in the 3rd quarter valued at about $226,000. 70.23% of the stock is owned by institutional investors.

About Crane

Crane Co manufactures and sells engineered industrial products worldwide. The company's Fluid Handling segment offers process valves and related products, including on/off valves and related products for application in the chemical, oil and gas, power, and general industrial end markets; valves and related products for the non-residential construction, general industrial, and municipal markets; and pumps and related products for water and wastewater applications in the industrial, municipal, commercial, and military markets.

Read More: Fiduciary

Analyst Recommendations for Crane (NYSE:CR)

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