NYSE:CRCrane Stock Price, Forecast & News

Crane's stock was trading at $57.82 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CR stock has decreased by 1.6% and is now trading at $56.91. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crane in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Crane.

Crane is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Crane.

Crane Co. (NYSE:CR) posted its quarterly earnings data on Monday, April, 27th. The conglomerate reported $1.15 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.26 by $0.11. The conglomerate earned $797.90 million during the quarter, compared to analysts' expectations of $820.58 million. Crane had a net margin of 3.50% and a return on equity of 22.07%. The business's revenue was down 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 earnings per share. View Crane's earnings history.

Crane announced a quarterly dividend on Monday, April 27th. Stockholders of record on Friday, May 29th will be paid a dividend of $0.43 per share on Wednesday, June 10th. This represents a $1.72 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Thursday, May 28th. View Crane's dividend history.

Crane issued an update on its FY20 earnings guidance on Monday, April, 27th. The company provided earnings per share guidance of $3.00-4.25 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.43. The company issued revenue guidance of $2.80-3.00 billion, compared to the consensus revenue estimate of $3.27 billion.

7 Wall Street analysts have issued 12 month target prices for Crane's shares. Their forecasts range from $58.00 to $100.00. On average, they expect Crane's share price to reach $76.00 in the next year. This suggests a possible upside of 33.5% from the stock's current price. View analysts' price targets for Crane.

News articles about CR stock have been trending very negative on Thursday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Crane earned a daily sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the conglomerate a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Crane.

Crane saw a increase in short interest in June. As of June 15th, there was short interest totaling 754,900 shares, an increase of 11.2% from the May 31st total of 678,700 shares. Based on an average daily trading volume, of 489,200 shares, the short-interest ratio is currently 1.5 days. Approximately 1.5% of the shares of the company are short sold. View Crane's Current Options Chain.

Some companies that are related to Crane include Illinois Tool Works (ITW), Parker-Hannifin (PH), Stanley Black & Decker (SWK), Dover (DOV), Ingersoll-Rand (IR), IDEX (IEX), Xylem (XYL), Nordson (NDSN), Graco (GGG), Snap-on (SNA), Pentair (PNR), Donaldson (DCI), Gardner Denver (GDI), ITT (ITT) and Lincoln Electric (LECO). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crane investors own include Intel (INTC), Exxon Mobil (XOM), Boeing (BA), Walt Disney (DIS), Home Depot (HD), United Technologies (UTX), Adobe (ADBE), Lowe's Companies (LOW), Medtronic (MDT) and QUALCOMM (QCOM).

Crane trades on the New York Stock Exchange (NYSE) under the ticker symbol "CR."

Shares of CR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CR stock can currently be purchased for approximately $56.91.

Crane has a market capitalization of $3.30 billion and generates $3.28 billion in revenue each year. The conglomerate earns $133.30 million in net income (profit) each year or $6.02 on an earnings per share basis. Crane employs 13,000 workers across the globe.

The official website for Crane is www.craneco.com.

Crane's mailing address is 100 FIRST STAMFORD PLACE, STAMFORD CT, 06902. The conglomerate can be reached via phone at 203-363-7300 or via email at [email protected]