Crane (NYSE:CR) Given New $157.00 Price Target at UBS Group

Crane (NYSE:CR - Get Free Report) had its target price upped by stock analysts at UBS Group from $152.00 to $157.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "neutral" rating on the conglomerate's stock. UBS Group's target price would suggest a potential upside of 1.21% from the company's previous close.

A number of other equities research analysts have also weighed in on CR. Stifel Nicolaus lowered Crane from a "buy" rating to a "hold" rating and set a $176.00 price objective for the company. in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Crane from $175.00 to $182.00 and gave the stock a "buy" rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $168.00.

Crane Stock Up 2.7 %

NYSE CR traded up $4.14 during trading hours on Friday, hitting $155.12. The company had a trading volume of 226,169 shares, compared to its average volume of 217,535. The firm's 50 day moving average is $167.54 and its 200 day moving average is $156.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.18 and a quick ratio of 0.88. Crane has a fifty-two week low of $110.49 and a fifty-two week high of $188.52. The company has a market capitalization of $8.88 billion, a price-to-earnings ratio of 20.55, a P/E/G ratio of 1.93 and a beta of 0.93.

Crane (NYSE:CR - Get Free Report) last posted its earnings results on Monday, October 28th. The conglomerate reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.06. The business had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. The company's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.03 earnings per share. Sell-side analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crane

Several hedge funds have recently modified their holdings of the stock. M&T Bank Corp raised its stake in Crane by 1.2% during the 3rd quarter. M&T Bank Corp now owns 7,336 shares of the conglomerate's stock valued at $1,161,000 after purchasing an additional 86 shares during the period. Griffin Asset Management Inc. raised its position in Crane by 0.3% during the third quarter. Griffin Asset Management Inc. now owns 34,038 shares of the conglomerate's stock valued at $5,388,000 after buying an additional 90 shares during the period. Coldstream Capital Management Inc. lifted its stake in Crane by 2.8% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,530 shares of the conglomerate's stock worth $561,000 after acquiring an additional 96 shares in the last quarter. UMB Bank n.a. boosted its position in Crane by 81.8% during the 3rd quarter. UMB Bank n.a. now owns 220 shares of the conglomerate's stock worth $35,000 after acquiring an additional 99 shares during the period. Finally, Matrix Trust Co purchased a new position in Crane during the 3rd quarter valued at about $25,000. 75.14% of the stock is owned by hedge funds and other institutional investors.

About Crane

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.