Crane (NYSE:CR) Price Target Increased to $157.00 by Analysts at Stifel Nicolaus

Crane (NYSE:CR) had its target price boosted by stock analysts at Stifel Nicolaus from $150.00 to $157.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the conglomerate’s stock. Stifel Nicolaus’ target price indicates a potential upside of 13.55% from the company’s current price.

Several other brokerages have also recently commented on CR. StockNews.com cut shares of Crane from a “buy” rating to a “hold” rating in a research note on Friday, April 19th. Bank of America lifted their price objective on shares of Crane from $110.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Vertical Research upgraded shares of Crane from a “hold” rating to a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.40.

Crane Stock Up 5.8 %

CR stock opened at $138.27 on Wednesday. The firm has a 50 day moving average of $130.01 and a 200 day moving average of $115.65. The stock has a market capitalization of $7.89 billion, a PE ratio of 37.47, a price-to-earnings-growth 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 52 week low of $67.28 and a 52 week high of $139.54.

Crane (NYSE:CR) last released its earnings results on Monday, April 22nd. The conglomerate reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $565.30 million during the quarter, compared to analysts’ expectations of $546.39 million. During the same period last year, the business earned $1.25 EPS. Crane’s revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts forecast that Crane will post 7.87 earnings per share for the current year.

Institutional Investors Weigh In On Crane

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Crane by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,894,887 shares of the conglomerate’s stock worth $578,282,000 after acquiring an additional 16,167 shares in the last quarter. Capital World Investors boosted its stake in Crane by 4.0% during the 4th quarter. Capital World Investors now owns 2,095,540 shares of the conglomerate’s stock worth $247,567,000 after purchasing an additional 79,710 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in Crane by 0.5% during the 4th quarter. Congress Asset Management Co. MA now owns 1,322,850 shares of the conglomerate’s stock worth $156,282,000 after purchasing an additional 6,605 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Crane by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 742,252 shares of the conglomerate’s stock worth $87,690,000 after purchasing an additional 37,388 shares during the last quarter. Finally, Capital International Investors boosted its stake in Crane by 44.7% during the 4th quarter. Capital International Investors now owns 663,221 shares of the conglomerate’s stock worth $78,353,000 after purchasing an additional 204,924 shares during the last quarter. Hedge funds and other institutional investors 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.