Crane (NYSE:CR - Get Free Report) has been assigned a $215.00 price objective by equities researchers at UBS Group in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the conglomerate's stock. UBS Group's price target would indicate a potential upside of 18.60% from the company's current price.
A number of other equities analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $186.00 target price on Crane and gave the stock a "buy" rating in a report on Monday, April 14th. Wall Street Zen downgraded shares of Crane from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. DA Davidson reissued a "buy" rating and set a $200.00 price target on shares of Crane in a research report on Tuesday, March 11th. Finally, Stifel Nicolaus boosted their price target on shares of Crane from $144.00 to $150.00 and gave the company a "hold" rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $197.75.
Check Out Our Latest Stock Report on CR
Crane Trading Down 3.0%
Shares of CR traded down $5.55 on Tuesday, reaching $181.28. 288,671 shares of the company's stock were exchanged, compared to its average volume of 275,313. The business has a 50 day moving average price of $163.59 and a two-hundred day moving average price of $161.64. Crane has a 12 month low of $127.04 and a 12 month high of $191.00. The stock has a market capitalization of $10.42 billion, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29.
Crane (NYSE:CR - Get Free Report) last issued its earnings results on Monday, April 28th. The conglomerate reported $1.39 EPS for the quarter, beating the consensus estimate of $1.29 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $557.60 million during the quarter, compared to analysts' expectations of $546.93 million. During the same quarter in the previous year, the company posted $1.22 EPS. The business's revenue for the quarter was up 9.3% compared to the same quarter last year. Research analysts anticipate that Crane will post 7.87 earnings per share for the current year.
Insider Buying and Selling
In related news, SVP Jason D. Feldman sold 1,300 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $177.10, for a total value of $230,230.00. Following the completion of the transaction, the senior vice president now directly owns 9,796 shares of the company's stock, valued at approximately $1,734,871.60. This represents a 11.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.12% of the stock is owned by company insiders.
Institutional Trading of Crane
A number of institutional investors have recently modified their holdings of the company. Huntington National Bank grew its holdings in shares of Crane by 487.8% during the fourth quarter. Huntington National Bank now owns 241 shares of the conglomerate's stock worth $37,000 after buying an additional 200 shares in the last quarter. Golden State Wealth Management LLC grew its stake in shares of Crane by 104.8% during the 1st quarter. Golden State Wealth Management LLC now owns 256 shares of the conglomerate's stock worth $39,000 after acquiring an additional 131 shares in the last quarter. Westpac Banking Corp bought a new position in shares of Crane during the 1st quarter worth approximately $76,000. Fifth Third Bancorp raised its holdings in shares of Crane by 31.4% in the first quarter. Fifth Third Bancorp now owns 569 shares of the conglomerate's stock valued at $87,000 after purchasing an additional 136 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Crane by 17.8% in the fourth quarter. Jones Financial Companies Lllp now owns 583 shares of the conglomerate's stock worth $89,000 after purchasing an additional 88 shares in the last quarter. 75.14% of the stock is currently owned by institutional investors.
Crane Company Profile
(
Get Free Report)
Crane Company, together with its subsidiaries, manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company operates in three segments: Aerospace & Electronics, Process Flow Technologies, and Engineered Materials.
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