Vertical Research upgraded shares of Crane (NYSE:CR) from a hold rating to a buy rating in a research note released on Thursday morning, Analyst Ratings Network reports.
CR has been the subject of a number of other reports. TheStreet upgraded Crane from a c rating to a b- rating in a research report on Friday, November 20th. DA Davidson lowered Crane from a buy rating to a neutral rating and upped their price objective for the company from $75.00 to $80.00 in a report on Thursday. ValuEngine raised Crane from a sell rating to a hold rating in a research note on Monday, November 16th. BidaskClub raised shares of Crane from a hold rating to a buy rating in a report on Saturday, December 12th. Finally, Stifel Nicolaus raised their price objective on shares of Crane from $72.00 to $73.00 and gave the company a buy rating in a research report on Wednesday, October 28th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Crane currently has an average rating of Buy and a consensus target price of $68.83.
Shares of NYSE CR opened at $81.09 on Thursday. The stock has a market cap of $4.71 billion, a P/E ratio of 213.40 and a beta of 1.65. The firm’s 50-day simple moving average is $74.52 and its 200 day simple moving average is $60.68. Crane has a fifty-two week low of $36.77 and a fifty-two week high of $89.54. The company has a quick ratio of 1.02, a current ratio of 1.42 and a debt-to-equity ratio of 0.56.
Crane (NYSE:CR) last released its earnings results on Saturday, October 31st. The conglomerate reported $1.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.25. The firm had revenue of $737.40 million for the quarter, compared to analysts’ expectations of $674.64 million. Crane had a net margin of 0.71% and a return on equity of 18.09%. Crane’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. On average, sell-side analysts anticipate that Crane will post 3.94 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of CR. Meeder Asset Management Inc. boosted its holdings in shares of Crane by 52.7% in the third quarter. Meeder Asset Management Inc. now owns 678 shares of the conglomerate’s stock worth $34,000 after buying an additional 234 shares during the period. Prospera Financial Services Inc acquired a new position in Crane in the 3rd quarter worth approximately $57,000. Macquarie Group Ltd. grew its position in Crane by 35.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,899 shares of the conglomerate’s stock worth $113,000 after purchasing an additional 499 shares in the last quarter. Keebeck Alpha LP acquired a new stake in Crane during the 3rd quarter valued at $200,000. Finally, Rehmann Capital Advisory Group acquired a new stake in Crane during the 3rd quarter valued at $206,000. 65.88% of the stock is owned by institutional investors.
Crane Company Profile
Crane Co manufactures and sells engineered industrial products in the United States, Canada, the United Kingdom, Continental Europe, and internationally. The company's Fluid Handling segment offers on/off valves and related products for 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; fluid control instrumentation and sampling solutions; and pumps and related products for water and wastewater applications in industrial, municipal, commercial, and military markets.
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