Crane (NYSE:CR) Receives $167.00 Average Price Target from Analysts

Shares of Crane (NYSE:CR) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $167.00.

A number of research analysts have commented on CR shares. Deutsche Bank Aktiengesellschaft boosted their target price on Crane from $175.00 to $182.00 and gave the company a “buy” rating in a research note on Thursday, October 3rd. Stifel Nicolaus cut Crane from a “buy” rating to a “hold” rating and set a $176.00 price target for the company. in a research note on Monday, November 18th.

Crane Stock Performance

CR stock opened at $185.12 on Friday. The firm has a 50 day simple moving average of $162.63 and a 200 day simple moving average of $153.05. Crane has a 52 week low of $102.80 and a 52 week high of $188.52. The stock has a market cap of $10.59 billion, a P/E ratio of 40.71, a P/E/G ratio of 1.93 and a beta of 0.81. 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 (NYSE:CR) last issued 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. Crane had a net margin of 13.10% and a return on equity of 24.45%. The company had revenue of $597.20 million during the quarter, compared to analyst estimates of $594.45 million. During the same quarter last year, the business posted $1.03 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Research analysts anticipate that Crane will post 7.87 earnings per share for the current fiscal year.

Crane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Friday, November 29th will be given a $0.205 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 0.44%. Crane’s dividend payout ratio is currently 18.06%.

Institutional Investors Weigh In On Crane

Large investors have recently added to or reduced their stakes in the stock. Matrix Trust Co bought a new position in shares of Crane in the third quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in Crane in the 3rd quarter worth $28,000. Covestor Ltd lifted its position in Crane by 150.6% during the 1st quarter. Covestor Ltd now owns 218 shares of the conglomerate’s stock worth $30,000 after acquiring an additional 131 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of Crane during the 3rd quarter worth about $30,000. Finally, ORG Partners LLC bought a new stake in Crane during the 2nd quarter valued at approximately $31,000. 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.