Crane (NYSE:CR) was upgraded by research analysts at ValuEngine from a "sell" rating to a "hold" rating in a note issued to investors on Thursday, ValuEngine reports.
Several other equities analysts have also commented on the company. Stifel Nicolaus decreased their price target on Crane from $105.00 to $71.00 and set a "buy" rating on the stock in a research note on Tuesday, April 7th. Zacks Investment Research raised Crane from a "strong sell" rating to a "hold" rating and set a $50.00 price target on the stock in a research note on Tuesday. Canaccord Genuity raised Crane from a "hold" rating to a "buy" rating and increased their target price for the stock from $62.00 to $66.00 in a research note on Tuesday, June 16th. Cfra decreased their target price on Crane from $89.00 to $58.00 and set a "hold" rating on the stock in a research note on Wednesday, April 29th. Finally, DA Davidson decreased their target price on Crane from $103.00 to $75.00 in a research note on Tuesday, March 24th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. The stock has an average rating of "Buy" and an average price target of $72.29.
NYSE CR opened at $56.91 on Thursday. The stock's fifty day moving average is $55.55 and its two-hundred day moving average is $66.50. The firm has a market capitalization of $3.41 billion, a P/E ratio of 30.76 and a beta of 1.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.90 and a current ratio of 1.37. Crane has a fifty-two week low of $36.77 and a fifty-two week high of $91.23.
Crane (NYSE:CR) last released its quarterly earnings data on Monday, April 27th. The conglomerate reported $1.15 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.26 by ($0.11). The company had revenue of $797.90 million for the quarter, compared to analyst estimates of $820.58 million. Crane had a return on equity of 22.07% and a net margin of 3.50%. The business's quarterly revenue was down 4.1% on a year-over-year basis. During the same period last year, the firm posted $1.45 EPS. As a group, sell-side analysts forecast that Crane will post 3.75 EPS for the current year.
In other Crane news, CEO Max H. Mitchell acquired 1,500 shares of the company's stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $46.27 per share, for a total transaction of $69,405.00. Following the acquisition, the chief executive officer now owns 229,363 shares in the company, valued at approximately $10,612,626.01. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 3.60% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CR. Nuveen Asset Management LLC lifted its position in Crane by 138.0% during the 1st quarter. Nuveen Asset Management LLC now owns 1,205,641 shares of the conglomerate's stock worth $59,294,000 after acquiring an additional 699,026 shares during the period. Norges Bank acquired a new stake in Crane during the 4th quarter worth approximately $53,496,000. Victory Capital Management Inc. lifted its holdings in shares of Crane by 21.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,391,571 shares of the conglomerate's stock valued at $120,204,000 after buying an additional 241,070 shares during the period. Morgan Stanley lifted its holdings in shares of Crane by 129.4% in the 1st quarter. Morgan Stanley now owns 242,675 shares of the conglomerate's stock valued at $11,934,000 after buying an additional 136,879 shares during the period. Finally, Deutsche Bank AG lifted its holdings in shares of Crane by 345.1% in the 1st quarter. Deutsche Bank AG now owns 175,826 shares of the conglomerate's stock valued at $8,647,000 after buying an additional 136,322 shares during the period. Institutional investors and hedge funds own 67.47% of the company's stock.
Crane Co manufactures and sells engineered industrial products in the United States and internationally. The company's Fluid Handling segment provides 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.
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