Crane (NYSE:CR) PT Raised to $150.00

Crane (NYSE:CR) had its target price hoisted by equities researchers at Stifel Nicolaus from $135.00 to $150.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 14.70% from the company’s current price.

A number of other research analysts have also weighed in on the stock. StockNews.com lowered shares of Crane from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Bank of America increased their price objective on shares of Crane from $110.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Crane has a consensus rating of “Moderate Buy” and an average price target of $125.00.

Crane Stock Performance

Shares of CR traded down $0.98 during trading hours on Wednesday, reaching $130.78. 73,214 shares of the company traded hands, compared to its average volume of 236,051. The stock has a market capitalization of $7.47 billion, a P/E ratio of 35.47, a P/E/G ratio of 1.93 and a beta of 1.49. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. Crane has a 12-month low of $67.28 and a 12-month high of $139.34. The business has a fifty day moving average price of $129.38 and a 200-day moving average price of $114.08.

Crane (NYSE:CR) last posted its earnings results on Monday, January 29th. The conglomerate reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The company had revenue of $532.90 million during the quarter, compared to the consensus estimate of $519.55 million. Crane had a net margin of 13.10% and a return on equity of 24.45%. Equities analysts anticipate that Crane will post 7.87 EPS for the current fiscal year.

Institutional Trading of Crane

A number of hedge funds and other institutional investors have recently made changes to their positions in CR. Raymond James Financial Services Advisors Inc. increased its holdings in shares of Crane by 8.0% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,853 shares of the conglomerate’s stock worth $1,608,000 after buying an additional 1,104 shares during the last quarter. American Century Companies Inc. increased its holdings in Crane by 3.0% in the 1st quarter. American Century Companies Inc. now owns 10,432 shares of the conglomerate’s stock valued at $1,129,000 after purchasing an additional 299 shares during the last quarter. HighTower Advisors LLC increased its holdings in Crane by 82.1% in the 1st quarter. HighTower Advisors LLC now owns 4,102 shares of the conglomerate’s stock valued at $445,000 after purchasing an additional 1,849 shares during the last quarter. Citigroup Inc. increased its holdings in Crane by 4.7% in the 1st quarter. Citigroup Inc. now owns 7,856 shares of the conglomerate’s stock valued at $851,000 after purchasing an additional 355 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Crane by 1.1% in the 1st quarter. Bank of Montreal Can now owns 12,777 shares of the conglomerate’s stock valued at $1,408,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

Crane Company Profile

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.