Crane - CR Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Crane in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CR shares.
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3 brokers have issued 12 month price targets for Crane's stock. Their CR share price forecasts range from $116.00 to $134.00. On average, they predict the company's share price to reach $125.00 in the next year. This suggests a possible upside of 31.7% from the stock's current price.
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Crane's stock was trading at $101.73 at the beginning of 2022. Since then, CR stock has decreased by 6.7% and is now trading at $94.92.
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Crane saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 654,900 shares, a decline of 14.1% from the August 31st total of 762,500 shares. Based on an average daily trading volume, of 191,600 shares, the days-to-cover ratio is currently 3.4 days. Currently, 1.4% of the shares of the stock are sold short.
View Crane's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our CR earnings forecast.

Crane Holdings, Co. (NYSE:CR) issued its quarterly earnings data on Monday, July, 25th. The conglomerate reported $1.90 earnings per share for the quarter, topping analysts' consensus estimates of $1.81 by $0.09. The conglomerate earned $864.30 million during the quarter, compared to analyst estimates of $821.76 million. Crane had a net margin of 17.56% and a trailing twelve-month return on equity of 22.10%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 earnings per share.

Crane announced a quarterly dividend on Monday, September 26th. Investors of record on Wednesday, November 30th will be given a dividend of $0.47 per share on Wednesday, December 14th. This represents a $1.88 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, November 29th.
Read our dividend analysis for CR.

Crane (NYSE:CR) pays an annual dividend of $1.88 per share and currently has a dividend yield of 2.08%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CR will have a dividend payout ratio of 23.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CR.

Crane updated its FY 2022 earnings guidance on Monday, August, 1st. The company provided EPS guidance of $7.45-$7.85 for the period, compared to the consensus estimate of $7.37. The company issued revenue guidance of -.

38 employees have rated Crane Chief Executive Officer Max H. Mitchell on Glassdoor.com. Max H. Mitchell has an approval rating of 59% among the company's employees. This puts Max H. Mitchell in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Crane investors own include Intel (INTC), Exxon Mobil (XOM), Boeing (BA), QUALCOMM (QCOM), Johnson & Johnson (JNJ), 3M (MMM), Walt Disney (DIS), Gilead Sciences (GILD), Home Depot (HD) and Lowe's Companies (LOW).

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

Crane's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Bowling Portfolio Management LLC (0.03%). Insiders that own company stock include Alejandro Alcala, Donald G Cook, James L L Tullis, Kristian Robert Salovaara, Kurt F Gallo, Kurt F Gallo, Max H Mitchell and Richard A Maue.
View institutional ownership trends.

Shares of CR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CR stock can currently be purchased for approximately $94.92.

Crane (NYSE:CR) has a market capitalization of $5.32 billion and generates $3.18 billion in revenue each year. The conglomerate earns $435.40 million in net income (profit) each year or $9.92 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Crane's mailing address is 100 FIRST STAMFORD PLACE, STAMFORD CT, 06902. The official website for the company is www.craneco.com. The conglomerate can be reached via phone at (203) 363-7300, via email at investors@craneco.com, or via fax at 203-363-7295.