Crane (NYSE:CR - Get Free Report)'s stock had its "buy" rating restated by analysts at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They presently have a $200.00 price objective on the conglomerate's stock. DA Davidson's price target points to a potential upside of 28.53% from the stock's previous close.
Several other analysts also recently issued reports on the stock. Stifel Nicolaus decreased their price objective on shares of Crane from $176.00 to $170.00 and set a "hold" rating for the company in a research note on Friday, January 24th. UBS Group raised their target price on shares of Crane from $152.00 to $157.00 and gave the stock a "neutral" rating in a research report on Friday, January 3rd. Finally, StockNews.com lowered shares of Crane from a "buy" rating to a "hold" rating in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.80.
Check Out Our Latest Stock Report on CR
Crane Trading Up 3.2 %
Shares of NYSE:CR traded up $4.84 during trading on Tuesday, reaching $155.61. The company's stock had a trading volume of 273,103 shares, compared to its average volume of 227,245. The company has a current ratio of 1.18, a quick ratio of 0.88 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $8.93 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 1.93 and a beta of 1.30. Crane has a 12 month low of $128.50 and a 12 month high of $188.52. The firm's 50 day simple moving average is $161.97 and its two-hundred day simple moving average is $161.71.
Crane (NYSE:CR - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The conglomerate reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.07. Crane had a net margin of 13.10% and a return on equity of 24.45%. During the same period in the prior year, the company earned $0.90 earnings per share. On average, research analysts predict that Crane will post 7.87 EPS for the current fiscal year.
Insider Activity at Crane
In other Crane news, VP Alejandro Alcala sold 2,293 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $170.96, for a total value of $392,011.28. Following the completion of the sale, the vice president now directly owns 32,963 shares in the company, valued at $5,635,354.48. This trade represents a 6.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Crane
Several institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in shares of Crane by 0.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 15,625 shares of the conglomerate's stock worth $2,371,000 after buying an additional 65 shares during the period. Bleakley Financial Group LLC lifted its stake in shares of Crane by 5.1% during the fourth quarter. Bleakley Financial Group LLC now owns 1,455 shares of the conglomerate's stock worth $221,000 after buying an additional 71 shares during the period. Stonegate Investment Group LLC boosted its holdings in Crane by 5.3% in the fourth quarter. Stonegate Investment Group LLC now owns 1,439 shares of the conglomerate's stock valued at $218,000 after purchasing an additional 72 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Crane by 0.9% in the fourth quarter. Cetera Investment Advisers now owns 8,196 shares of the conglomerate's stock valued at $1,244,000 after purchasing an additional 74 shares during the last quarter. Finally, NorthRock Partners LLC boosted its holdings in Crane by 4.2% in the fourth quarter. NorthRock Partners LLC now owns 1,954 shares of the conglomerate's stock valued at $297,000 after purchasing an additional 79 shares during the last quarter. 75.14% of the stock is currently owned by institutional investors and hedge funds.
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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