Crane (NYSE:CR) PT Raised to $150.00

Crane (NYSE:CR) had its target price lifted by investment analysts at Stifel Nicolaus from $135.00 to $150.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 14.70% from the stock’s current price.

A number of other research analysts also recently issued reports on CR. Bank of America boosted their price target on Crane from $110.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. StockNews.com downgraded Crane from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.00.

Crane Trading Down 0.7 %

Shares of NYSE CR traded down $0.98 during midday trading on Wednesday, reaching $130.78. The company had a trading volume of 73,214 shares, compared to its average volume of 236,051. Crane has a one year low of $67.28 and a one year high of $139.34. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average price is $129.38 and its 200-day moving average price is $114.08. The stock has a market cap of $7.47 billion, a PE ratio of 35.47, a price-to-earnings-growth ratio of 1.93 and a beta of 1.49.

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

Hedge Funds Weigh In On Crane

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CR. Raymond James Financial Services Advisors Inc. lifted its position in Crane by 8.0% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 14,853 shares of the conglomerate’s stock valued at $1,608,000 after acquiring an additional 1,104 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Crane by 3.0% during the 1st quarter. American Century Companies Inc. now owns 10,432 shares of the conglomerate’s stock valued at $1,129,000 after buying an additional 299 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Crane by 82.1% during the 1st quarter. HighTower Advisors LLC now owns 4,102 shares of the conglomerate’s stock valued at $445,000 after buying an additional 1,849 shares during the period. Citigroup Inc. lifted its holdings in shares of Crane by 4.7% during the 1st quarter. Citigroup Inc. now owns 7,856 shares of the conglomerate’s stock valued at $851,000 after buying an additional 355 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Crane by 1.1% during the 1st quarter. Bank of Montreal Can now owns 12,777 shares of the conglomerate’s stock valued at $1,408,000 after buying an additional 136 shares during the period. 75.14% of the stock is owned by 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.