Crane (NYSE:CR – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $125.00.
A number of equities research analysts have commented on CR shares. Stifel Nicolaus increased their target price on Crane from $135.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday. StockNews.com cut Crane from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Finally, Bank of America raised their price objective on Crane from $110.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th.
View Our Latest Stock Analysis on CR
Institutional Inflows and Outflows
Crane Price Performance
Shares of NYSE:CR opened at $130.09 on Friday. The business’s fifty day moving average price is $129.46 and its two-hundred day moving average price is $114.20. The stock has a market cap of $7.43 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.49. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.88 and a current ratio of 1.18. Crane has a one year low of $67.28 and a one year high of $139.34.
Crane (NYSE:CR – Get Free Report) last announced its earnings results on Monday, January 29th. The conglomerate reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.09. The firm had revenue of $532.90 million for the quarter, compared to analysts’ expectations of $519.55 million. Crane had a return on equity of 24.45% and a net margin of 13.10%. On average, analysts forecast that Crane will post 7.87 EPS for the current fiscal year.
Crane Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Thursday, February 29th were issued a dividend of $0.205 per share. This is a boost from Crane’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 28th. This represents a $0.82 annualized dividend and a dividend yield of 0.63%. Crane’s dividend payout ratio (DPR) is 22.22%.
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.
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